NASSAU, BAHAMAS —Bahamas Power and Light (BPL) saw a roughly eight percent increase in its peak summer load on New Providence, according to a senior company executive, describing it as “crazy growth.” “Our load went up eight percent this summer over last year. The peak on Abaco this summer was around 21 megawatts. Growth in […]
NASSAU, BAHAMAS — Bahamas Power and Light (BPL) Chairman Pedro Rolle said yesterday the company’s current hedging program has not produced the expected results, and due to challenges with power generation, the “effectiveness of the hedge arrangement has diminished”. This comes following calls from the opposition to explain the status of BPL’s hedging agreement, Fuel […]
BPL COO Ian Pratt will take on responsibility for all Family Island operations NASSAU, BAHAMAS — Amid a shakeup of several key executive posts at Bahamas Power and Light (BPL), Bahamas Electrical Workers Union (BEWU) President Kyle Wilson said the changes appear to positively impact the power company’s direction and its mandate to the Bahamian […]
NASSAU, BAHAMA — Works Minister Alfred Sears said yesterday acknowledged the Davis administration’s commitment to meet the National Energy Policy’s 30 percent renewable energy penetration by 2030 is an “ambitious target”, but insisted it is one that this nation must achieve. Sears was speaking at a press conference to present Bahamas Power and Light’s (BPL) new […]
NASSAU, BAHAMAS — The technology group Wärtsilä will supply a 25MW / 27MWh advanced energy storage system for Bahamas Power and Light Company (BPL) to meet The Bahamas’ spinning reserve requirements and significantly improve generation efficiency and system reliability for the island’s grid. In 2019, Wärtsilä supplied BPL with a 132MW power plant operating on […]
NASSAU, BAHAMAS — The government will engage Deloitte and Touche to carry out a rapid assessment over the next 30 days of Bahamas Power and Light’s (BPL) rate reduction bond (RRB), hedging strategy and operations, Works Minister Alfred Sears told Parliament yesterday. During his contribution to the debate on the Speech from the Throne, Sears […]
BPL says it had sought Cabinet approval to market revised rate reduction bond before August NASSAU, BAHAMAS — Kyle Wilson, the Bahamas Electrical Workers Union’s (BEWU) president, told Eyewitness News he was happy Bahamas Power and Light’s (BPL) rate reduction bond (RRB) does not appear to be on the agenda of the Davis administration. “I […]
NASSAU, BAHAMAS — Works Minister Alfred Sears said yesterday that Bahamas Power and Light’s (BPL) $600 million rate reduction bond (RRB) is under “active consideration and review”, while also noting that he plans to meet soon with Shell regarding its deal with the company. Apart from paying off BPL’s $321 million legacy debt, the RRB also […]
Sears: The matter is now in the hands of the attorney general NASSAU, BAHAMAS — Minister of Works and Utilities Alfred Sears said yesterday that he could not have involvement with the report into the controversial termination of members of the Bahamas Power and Light (BPL) board in 2018 as it would be a conflict […]
NASSAU, BAHAMAS — Works Minister Alfred Sears QC yesterday revealed that the Minnis administration did not give Bahamas Power & Light (BPL) the green light to proceed with its rate reduction bond (RRB). Sears told reporters ahead of a Cabinet meeting that he met with the BPL board last week. “They have presented to us […]
NASSAU, BAHAMAS — Bahamas Power & Light (BPL) is in a “state of readiness” and awaits government authorization to go to market with its rate reduction bond (RRB), which it anticipates it will be able to close by December. The company noted in its 2020-2025 strategic plan, which was seen by Eyewitness News: “We are […]
“BPL, under its existing policies, had a very difficult time providing electricity services” NASSAU, BAHAMAS — Bahamas Power and Light (BPL) executives said yesterday the company has developed an indemnity agreement that will allow landowners who may not have clear ownership of or titles to their properties the ability to have electricity provided to them. […]
Scores of BPL employees stage sickout amid mounting tension BPL execs assert union demanding financially challenged company to pay up to $3M more than already given NASSAU, BAHAMAS — Bahamas Power and Light (BPL) executives yesterday urged their employees to be “reasonable” in their compensation demands as the company seeks to be more fiscally responsible […]
“We feel confident that there will be no load shedding this summer” Minister says utility company plans to launch rate reduction bond soon NASSAU, BAHAMAS — Deputy Prime Minister and Minister of Public Works Desmond Bannister said yesterday “the turnaround and righting of BPL (Bahamas Power and Light) is well underway”, predicting that there will […]
NASSAU, BAHAMAS — The Court of Appeal has overturned an unfair dismissal judgment in the case of a former Bahamas Power & Light (BPL) plant operator, finding that the former employee was not under duress when he accepted a disability retirement package offer from the company four years ago. BPL had filed an appeal against […]
“BPL will have to explain to the Bahamian people why we had those outages” NASSAU, BAHAMAS — Bahamas Power and Light (BPL) will have to take some responsibility for the recent power outages, said Deputy Prime Minister and Minister of Public Works Desmond Bannister yesterday. Thousands of residents on New Providence were plunged into darkness […]
Workers union pres: BPL not always at fault for outages NASSAU, BAHAMAS — Thousands of residents on New Providence were plunged into darkness overnight on Friday after an “operational glitch” at the Clifton Pier Power Plant resulted in an island-wide outage. Power was restored to the first group of customers at 3.15am and by 6.30am […]
“If there are outages, they will be short and isolated, but we don’t anticipate widespread outages” NASSAU, BAHAMAS — Deputy Prime Minister and Minister of Public Works Desmond Bannister yesterday revealed that Bahamas Power and Light (BPL) suspects it recently received a “contaminated” batch of fuel that has caused “challenges” with its engines. Speaking with […]
