Get the Apps
Home / Top Featured Article / Light & Power monopoly ends after 110 years, licences to come for new players Light & Power monopoly ends after 110 years, licences to come for new players
Article by May 5, 2021
It’s official – Government has brokered a deal with the Barbados Light & Power Company Ltd (BL&P) that would see its 110-year monopoly come to an end, opening up the market for more electric utility players.
This means Light & Power will be issued with new licences. It will remain the exclusive holder of licences for the “transmission and dispatch” of electricity. But other entities will be issued with licences to generate and store current.
(CCREEE), Press Release
4 May, 2021|Bridgetown, Barbados – Last November, the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) launched the private sector stream of the Project Preparation Facility (PPF) and today, the Centre kicked-off the public sector stream with a roundtable discussion.
Several high-level participants with focal areas ranging from energy and finance, to climate resilience and youth spoke under the theme, The Energy and Climate Nexus: Meeting Targets and Goals through Project Development. Among these was Barbados’ Energy Permanent Secretary and Chairperson of the CCREEE Executive Board, Mrs Francine Blackman, who in responding to a question from the moderator noted that, “for us in Barbados, the 2008 oil crisis and a deteriorating fiscal position with close to 800 mil spent annually to purchase oil, the government made a decision to use more of the natural resources around us.”
War chest in budget to defeat Covid-19 georgeherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from georgeherald.com Daily Mail and Mail on Sunday newspapers.
Western Cape to spend R2.17bn on Covid-19 vaccine procurement, roll-out and relief
Share
Cape Town - The Western Cape has set aside a R2.17 billion âwar chestâ to defeat Covid-19 in the province.
Finance and Economic Opportunities MEC David Maynier tabled the Western Cape Budget 2021 in the legislature on Tuesday, where he outlined the support package for the fight against Covid-19 including how the province will prepare for the possible third wave of the pandemic; how it will fund the procurement and roll-out of the vaccine strategy; and how it will respond to additional costs arising from the fight against Covid-19.
This paper is based on interviews with representatives from national, regional and international entities accredited to the GCF, nationally designated authorities, and members of the GCF Secretariat. The authors also reviewed GCF publications including board documents, manuals, and policies along with other academic literature reviewing direct access and the GCF’s operations.