Deputy PM: BEC will remain fully owned by Bahamians

Thu, Mar 26th 2015, 01:06 PM

MINISTER of Works Philip “Brave” Davis yesterday said the Bahamas Electricity Corporation will remain fully owned by the Bahamian people when the government concludes a deal to restructure the electricity provider.

When the contract begins, Mr Davis said business and residential consumers would see a cost reduction of $200m.

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