By NEIL HARTNELL

Tribune Business Editor

THE Bahamas Electricity Corporation (BEC) yesterday moved to the "cutting edge" of renewable energy by executing an agreement that could ultimately lead to two multi-million dollar ocean thermal energy conversion (OTEC) plants being constructed in this nation, together supplying about 10 per cent of its power needs.

Michael Moss, BEC's chairman, said the Memorandum of Understanding (MoU) with US-based Ocean Thermal Energy Corporation (OTE) effectively made the Corporation and the Bahamas "pioneers" in this renewable energy field, as it could create the first plants "of utility scale".

The MoU, which translates years of re ...

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