National
Energy Minister: $1B Needed To Fix BPL
NASSAU, BAHAMAS – Over $1 billion is needed to settle debts and address age-old challenges plaguing Bahamas Power and Light consumers.
NASSAU, BAHAMAS – Over $1 billion is needed to settle debts and address age-old challenges plaguing Bahamas Power and Light consumers.
Energy Minister JoBeth Coleby-Davis provided this breakdown into that $500 million debt alone.
But that’s not all, Coleby-Davis also revealed that $500 million price tags for much-needed upgrades will need to be rolled out over the next fiscal year.
This revelation comes as the future of the power company remains unclear amid much speculation in recent days.
Rumors swirled of the power giant being privatized and talks of a company being contracted to oversee BPL’s transmission and distribution systems.
While Coleby-Davis didn’t address the matter head-on, she did say this.
The Bahamas Electrical Workers Union outright rejected the deal.
While the energy minister says the government’s plan for BPL is transformative, Opposition Leader Michael Pintard says the plan lacks transparency.
Junkanoo and Jingle Bells Boost Sports Tourism and Builds Community
Bail Denied for Former Clifton Heritage Managing Director
Officer Facing Prosecution for Shooting Unarmed School Boy
Police Commissioner Acknowledges Culture of Corruption in RBPF
Deandre Continues His Return to Form
Victim’s Grandniece: How Could You Kill Someone So Innocent And Harmless?
Victim’s Grandniece: How Could You Kill Someone So Innocent And Harmless?
Officer Facing Prosecution for Shooting Unarmed School Boy
Bail Denied for Former Clifton Heritage Managing Director
ORG On Future Corruption Prevention Initiatives
Team Bahamas Finishes 3rd At Inaugural Games
COI: We Need A Referendum on Capital Punishment
Police Commissioner Acknowledges Culture of Corruption in RBPF
Deandre Continues His Return to Form
Victim’s Grandniece: How Could You Kill Someone So Innocent And Harmless?
Marco City Thanksgiving Luncheon
Order Of Excellence: Baroness Patricia Janet Scotland, PC, KC
FOAM: We Have To Form A Village Around These Children
-
Crime18 hours agoVictim’s Grandniece: How Could You Kill Someone So Innocent And Harmless?
-
Court18 hours agoOfficer Facing Prosecution for Shooting Unarmed School Boy
-
Court18 hours agoBail Denied for Former Clifton Heritage Managing Director
-
National3 days agoORG On Future Corruption Prevention Initiatives
-
Sports2 days agoTeam Bahamas Finishes 3rd At Inaugural Games
-
National3 days agoCOI: We Need A Referendum on Capital Punishment
-
Sports3 hours agoJunkanoo and Jingle Bells Boost Sports Tourism and Builds Community
-
National18 hours agoPolice Commissioner Acknowledges Culture of Corruption in RBPF