As leaders, we are committed to working with our service providers and other stakeholders to increase local content in the Trinidad & Tobago energy industry. For the purposes of this Charter we have adopted the definition of “local content” as contained in the Trinidad & Tobago Public Procurement and Disposal of Public Property Act (No. 1 of 2015), namely: “The local value added to goods, works and services measured as the amount of money or percentage of each dollar of expenditure remaining in Trinidad and Tobago after the production of the good or performance of the work or service”.
Our approach to local content places an emphasis on developing a local supply chain that is able to offer competitively priced goods and services at the highest international standards. If industry partners work collaboratively, there will be greater progress in developing a strong local supply chain. Therefore, in order to increase local content in Trinidad and Tobago, we commit our companies to work individually and collaboratively to:
- Optimize the retention of value in Trinidad & Tobago from the procurement of goods and services to support our activities
- Implement policies and programmes that will create the opportunity for collaboration with local service companies, contractors and manufacturers of inputs to the energy sector, to enable them to improve productivity, quality and efficiency which contributes to their competitiveness both locally and internationally.
- Provide local companies with sufficient information to assist in forward planning to take advantage of opportunities.
- Implement programmes and policies that prepare and orient students in secondary, tertiary and technical and vocational educational/training institutions to provide the knowledge and skills needed by the sector.
- Implement policies and programmes that strongly encourage local service companies, contractors and manufacturers of inputs to the local energy sector to meet local and international HSE standards.
- Work with service companies and contractors to improve the competency of the energy services sector workforce and develop appropriate and feasible mechanisms to certify competency.
- Work with the Energy Chamber and other stakeholders to coordinate our policies and programmes both with each other and with other stakeholders (including Government Ministries, state agencies and international development agencies) and to ensure transparent measurement and standardised reporting of progress in respect of local content delivery.
- Participate in an annual forum to discuss progress towards achieving these commitments with the services sector and other stakeholders.