Govt. grants solar exemptions for $2.2 million in goods

NASSAU, BAHAMAS – Businesses that provide solar power equipment and related services are free to apply to the Ministry of Finance to access tax exemptions for the import of solar kits in keeping with the Government’s policy to support renewable energy businesses. Solar kits and components were made duty free during the 2018/2019 budget exercise. […]

Comment on this article

Used oil exports can increase 100 percent with concessions extended to local firm

NASSAU, BAHAMAS – The sole Bahamian firm specializing in the export of lubricant oil says it’s up to its nose in used oil, with exports halted 100 per cent as cheaper global crude oil prices lead United States (U.S.) buyers to forgo the refining process needed for used oil exports from this nation. With the […]

Comment on this article

BNT awaiting govt’s response over Oban

NASSAU, BAHAMAS – The Bahamas National Trust (BNT) is seeking to meet with the government as it advances discussions with Oban Energies to renegotiate the original heads of agreement signed last February for a $5.5 billion oil refinery and storage facility set for East Grand Bahama. BNT Executive Director Eric Carey said the environmental watchdog […]

Govt. names members of Oban renegotiation team

NASSAU, BAHAMAS – Labour minister Dion Foulkes, on Tuesday identified members of government’s renegotiating team who will chart the way forward for a new deal with Oban Energies, the company that signed a controversial heads of agreement with the government to develop a multibillion-dollar oil refinery and storage facility in East Grand Bahama. Channel. The […]

Bowe: LNG deal with Shell represents “slave arrangement”

NASSAU, BAHAMAS – Bahamas Power and Light’s (BPL) contract with Shell North America to construct a new generation and liquefied natural gas (LNG) plant at Clifton Pier represents a long-term “slave arrangement” for the Bahamian people, according to businessman Ethric Bowe. Instead, Bowe said The Bahamas should be pushing toward total solarization. “Right now, everybody […]

Comment on this article

CCC wants solar power plants in GB

Group launches petition to lower power bills   NASSAU, BAHAMAS – A power company has made application to the government to create solar power plants that will reduce Grand Bahama’s electricity bills by 33-43 per cent, Pastor Eddie Victor, a member of the Coalition of Concerned Citizens (CCC) claimed on Friday. “We shared with the […]

Shell may introduce LNG to assist BPL

NASSAU, BAHAMAS – International petroleum giant Shell revealed Tuesday that the company has its eyes set on introducing the idea of Liquefied Natural Gas (LNG) to Bahamas Power and Light (BPL) to assist the electrical company with cost-effective and cleaner power generation in the country. Mark Regis, Shell Caribbean Country Chair, revealed Tuesday night that […]