National

Government Insists Pike Deal Intact Despite Lingering Questions

NASSAU, BAHAMAS – Energy Minister, JoBeth Coleby-Davis, brushed off questions when pressed about the government’s agreement with Pike Corporation, as questions continue to swirl about the status of the deal.

Published

3 weeks ago

April 23, 2026

Delvardo Emmanuel

NASSAU , BAHAMAS – Energy Minister, JoBeth Coleby-Davis, brushed off questions when pressed about the government’s agreement with Pike Corporation, as questions continue to swirl about the status of the deal.

The uncertainty came amid a noticeable drop in Pike’s visible presence on New Providence, prompting fresh concerns about what exactly is happening with the agreement and whether anything has changed behind the scenes.

JoBeth Coleby-Davis – Minister, Energy and Transport

“Are you to speak to the change in the Pike deal? We spoke to it, a statement went out.”

Energy Minister JoBeth Coleby-Davis offered little details when pressed about the government’s agreement with Pike Corporation, as questions continued to swirl about the status of the deal.

It’s prompted fresh questions about what exactly is happening with the agreement.

However, in a statement Wednesday, the government sought to reassure the public, said the ownership structure of the transmission and distribution network has not changed.

With Pike’s subsidiary, Island Grid Solutions, still holding a majority stake in the Bahamas Grid Company, there has been a change in leadership.

Bahamas Grid Company appointing Dario McKenzie as Chief Executive Officer and Gladys Fernander as Chief Financial Officer, in what officials describe as a shift to a fully Bahamian-led operation.

The government calling that transition “a good and encouraging step,” saying it reflects the depth of Bahamian talent in the energy sector and should give the public confidence that local professionals are now leading the work.

Meanwhile, Pike remains engaged to continue foundational grid work, according to officials.

Those works are expected to be finished by the end of May and include major infrastructure projects, like the 132-kilovolt switching station at Clifton Pier, as well as new and upgraded transmission lines between Clifton Pier, Blue Hills, and Big Pond.

Substation and protection upgrades are also planned.