PLP says, BEC's New Abaco Power Plant initially budgeted at 90 Mil escalated to 120 Mil with further costs of 10 Mil to go

Sun, Sep 11th 2011, 01:15 PM

The
record will reflect that BEC's Board of Directors in the latter part of
2006 approved a contract for the installation of four new generators
and a Power Plant in Snake Cay, Abaco. Upon coming to office in May 2007
the contract was 'stopped, reviewed & amended' to change the site
from Snake Cay to Wilson City at considerable expense (new road,
transportation of fuel) to BEC.

The
records will also reflect that only after the new Plant was finally
completed it was remarkably discovered that new transmission lines were
necessary and the ensuing mandatory exercise, to correct this oversight,
took almost eight months to complete.

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