BEC EYES 'AGGRESSIVE' 100M CAPITAL WORKS

Sun, Nov 27th 2011, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

THE BAHAMAS Electricity Corporation (BEC) is targeting "a fairly aggressive $100 million-plus" capital expenditure programme for 2012, its executive chairman telling Tribune Business the planned investment was "two-and-a-half times" larger than in recent years.

Michael Moss said he was "relatively comfortable and confident" that BEC would be able to achieve its goals, which include upgrades to both its generation and distribution/transmission arms, despite facing the "challenge" of having to seek debt financing from commercial banks and other lending institutions.

Apart from adding a generation unit at both its Clifto ...

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