In a further attempt to get the attention of the country’s premier power company, WMS Holdings Limited (WMS) has released an open letter to BPL Chairman Dr. Donovan Moxey, inviting him and his Board to revisit several competitive WMS proposals and offers submitted without a proper procurement response to-date. Titled “A Better Way Forward, Together,” the letter was published as a full-page ad on September 6 in the Nassau Guardian and the Tribune newspapers. The open letter seeks to make BPL once again, and now the public, aware of the ways in which WMS can be of assistance to the company amidst the mounting pressures it faces day in and day out.
“Having had no response from BPL and the Government of The Bahamas since previous letters and numerous communications, we write to you yet again with the same excellent proposal, one which can assist tremendously in overcoming all of the recent and persistent issues that have plagued BPL both now and through many previous years. WMS and BPL both want what is best for The Bahamas; our reliable and affordable energy solutions provide a pathway to achieving just that,” reads the letter.
WMS goes on to cite the various downfalls in BPL’s service over recent months. The letter also reveals the many benefits of WMS’ proposed deal, including a total of $547 million in debt-free funding, directly eclipsing the amount which BPL intends to raise through their rate reduction bond by more than $12 million. WMS solutions, technology, proposals, and secured funding delivers the lowest cost in innovative natural gas liquid (NGL) fuel technology that will decrease fuel charges and consumer rates, contrasting the rise in costs residents would experience if BPL were to go through with its proposed rate reduction bond (RRB).
Both the Prime Minister the Most Hon. Dr. Hubert Minnis and Deputy Prime Minister and Minister of Works the Hon. Desmond Bannister are copied in on the open letter, signaling WMS’ intention to gain their attention as well. This comes as the current administration faces an intense run into the snap general election set for September 16.
WMS’ proposal is funded and would deliver economic recovery, GDP growth, export opportunities, and jobs. With the open letter, WMS hopes to increase public awareness about its, “unbeatable,” proposal, funding, and their history of offers to BPL and the Government of The Bahamas, while reminding the power company of what it can have access to, and what is at stake for the entire nation.
