2011 Inaugural Address By The Honorable Sebastian L. Anefal ...

Council, consisting of the FSM President and four State Governors, an energypolicy is in place that will pave the way to an environmentally friendly andsustainable approach to meeting our energy needs. The policy, which reflects thepolicy objectives of Yap State, should be adopted and implemented shortly asfunding becomes available.Specifically, these policy considerations are part of the renewable energy packagethat will be advocated and pursued by the Yap State Public Service Corporation inphases in accordance with funding availability. It is envisioned that these phasesto electrify the entire State of Yap for the first time by transitioning from fossilfuel to renewable energy will be pursued under the ongoing EU Funding Schemes,namely the Energy Facility II for roughly $3.3M and EDF 10 for $3.0M, mainly forsolar energy in all outer islands, and possibly under an ADB project loan financingfor Yap Island Proper estimated at around $8.0M for solar and wind energy. Theremaining segment is being sourced from a small French grant and out of localand national resources. Over the next five years, this planned renewable energyproject is estimated to cost around $20.0M, but all islands in the state would belit. I respectfully ask the Legislature to work collaboratively with theAdministration in support of lessening our dependence on fossil fuel to renewableenergy as much as possible in the years to come.Ensuing BudgetsThe FY 2012 proposed budget that will be submitted to the Eighth Legislature isenvisioned to be one of restraint and is in line with our initiatives to transitionfrom budgetary growth towards a precautionary approach during this period of16