THE BAHAMAS ELECTRICITY CORPORATION (BEC) is eyeing a $50 million investment to expand the Clifton Pier power plant's generation capacity by 30 Megawatts (MW) over the next two years, its chairman yesterday telling Tribune Business it should still generate a $7 million net profit for its 2011 financial year.

Michael Moss said BEC was expected to realise this net income level despite taking a "close to $3 million hit" from hiring 24 rental generators to supplement its existing power supply while it completes critical maintenance work and overhauls on its permanent generating capacity.

Admitting that the power outages and blackouts over th ...

By NEIL HARTNELL
Tribune Business Editor

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