NASSAU, Bahamas, (September 22, 2011) - Bahamas
Electricity Corporation (BEC) today signed into effect a Memorandum of
Understanding (MoU) with Ocean Thermal Energy Corporation (OTEC) to
develop two ocean thermal energy conversion plants in The Bahamas.

The
Bahamian plants will be the world's first ocean thermal energy
conversion facilities to utilize ocean water for clean energy, fresh
drinking water and sustainable food production in a commercial capacity.

The
two plants will be entirely built and operated by the
Pennsylvania-based clean energy company, requiring the BEC to purchase
the energy from OTEC...