Chamber CEO laments impact of BPL on ease of doing business

Mon, Aug 12th 2019, 08:20 AM

The Bahamas is still in a fickle position with regard to Bahamas Power and Light (BPL) and the country’s ease of doing business rating, Chief Executive Officer of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Jeffrey Beckles told Guardian Business yesterday.

Beckles, who toured BPL’s Clifton Pier plant yesterday, explained that based on what he gleaned from BPL’s executives yesterday, if any of its remaining assets “go up in smoke” the country does not have the capacity to replace that lost generation and will be back at square one.

“From a business strategy standpoint all of that goes to the ease of doing business,” he said.

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