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.
B.A.I.S.S Championships Held At Roscow Davies Field
Central Bank’s Financial Literacy Expo Empowers High School Students
Government Tables Bill To “Save” BPL Amidst Privatization Speculation
Charlie Bahama Show Returns For Season 10
Central Bank Governor: Safety Is Our Top Priority
URCA Ready For Electricity Changes
Young Father Finds Hope By Helping His Community
Sustainability First: Solar Energy Proposals Up for Consideration
Principal Voices Disappointment as Police Charge Eight Students
12-Year-Sentence for Man Convicted of Raping Woman After Leaving Bar
Pacesetting Cohort of Eleuthera Residents Graduate from Leading Light Programme
Jimmy’s Wines and Spirits Hosts Inaugural Multi-Island Wine Tasting Event
B.A.I.S.S Championships Held At Roscow Davies Field
Central Bank’s Financial Literacy Expo Empowers High School Students
Government Tables Bill To “Save” BPL Amidst Privatization Speculation
Charlie Bahama Show Returns For Season 10
Central Bank Governor: Safety Is Our Top Priority
URCA Ready For Electricity Changes
-
National1 day agoYoung Father Finds Hope By Helping His Community
-
National2 days agoSustainability First: Solar Energy Proposals Up for Consideration
-
National2 days agoPrincipal Voices Disappointment as Police Charge Eight Students
-
Court1 day ago12-Year-Sentence for Man Convicted of Raping Woman After Leaving Bar
-
Education2 days agoPacesetting Cohort of Eleuthera Residents Graduate from Leading Light Programme
-
National3 days agoJimmy’s Wines and Spirits Hosts Inaugural Multi-Island Wine Tasting Event
-
National1 day agoPM: I Don’t Want A Trickle, I Want Them To Get The Whole Pie
-
International20 hours ago#MeToo Founder ‘Angry, Sad’ About Weinstein Verdict