Search results for : fuel
Moxey: I do not support GBPC raising fuel cost
October 18, 2022
Moxey: I do not support GBPC raising fuel cost
Minister for Grand Bahama Ginger Moxey said yesterday she does not support the decision by Grand Bahama Power Company (GBPC) to increase its fuel cost to consumers from 10 cents per kilowatt hour (kWh) to 11.5 cents per kWh effective November 1. "No. I do not support it," Moxey told reporters who asked about the ...
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FOCOL: We do not supply fuel to BPL's power plants
October 17, 2022
FOCOL: We do not supply fuel to BPL's power plants
FOCOL Holdings Limited released a statement over the weekend correcting information that it says has been disseminated online and in the media, suggesting that it supplies diesel fuel and heavy fuel oil to Bahamas Power and Light (BPL). The statement explained that while FOCOL transports fuel to Family Islands for BPL, BPL does not purchase ...
The post FOCOL: We do not supply fuel to BPL's power ...
RFPs on fuel supply, generation issued by BPL
October 12, 2017
RFPs on fuel supply, generation issued by BPL
Minister of Public Works Desmond Bannister said the procurement process at Bahamas Power & Light (BPL) will be "put to the test and refined" beginning this week, as the power company prepares to issue a number of request for proposals (RFPs) in areas that help [...]
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URCA reviewing BPL's proposed fuel charge hike
October 12, 2022
URCA reviewing BPL's proposed fuel charge hike
The Utilities Regulation and Competition Authority (URCA) said in a statement yesterday that it is carrying out an "active" review of Bahamas Power and Light's (BPL) proposed fuel charge increase. URCA is the regulator for the power company and is mandated to scrutinize BPL's move to increase consumers' bills in order to realign its fuel ...
The post URCA reviewing BPL's proposed fuel charge hike ...
October 12, 2022
Before you risk the familiar comfort of a steady paycheck for the adrenaline-fueled thrills of business, read this so you can build something remarkable
Although going into business for yourself provides an exciting opportunity to pursue work you are truly passionate about, it comes with a few challenges. In this article, I will help you to understand the three pillars of successfully launching a business that will stand the test of time and be profitable. Making good decisions early ...
The post Before you risk the familiar comfort of a steady pa...
October 07, 2022
Construction of Renewable Power Generation Plant expected to decrease BPL’s fuel costs says Works and Utilities Minister
Bahamas Power and Light (BPL) is in the advanced stages of a plan with a private investor to construct a 60 MW photovoltaic renewable power generation plant in New Providence, which will result in a decrease in the company’s fuel costs and offer jobs for Bahamians. The Hon.
October 07, 2022
Officials still on defensive over BPL hedge policy impact on fuel charge
For a third day, government and Bahamas Power and Light (BPL) officials were on the defensive yesterday over the hike in the BPL fuel charge, insisting that no matter what the hedging policy was the current and coming increases could not have been avoided. Questions surrounding whether the Davis administration renewed rolling hedge requests that ...
The post Officials still on defensive over ...
October 06, 2022
Sears: Govt will pay $90 million to Shell for BPL fuel arrears
The government intends to make $10 million payments to Shell each month for nine months to satisfy Bahamas Power and Light's (BPL) debts to its fuel supplier, Minister of Works and Utilities Alfred Sears said yesterday. Sears said with this arrangement in place, BPL's arrears with Shell will be eliminated while the incremental increase in the ...
The post Sears: Govt will pay $90 million to S...
BPL BILLS HIKE 'FINAL NAIL IN THE COFFIN': Retail chief brands fuel charge rises 'completely insane'
October 06, 2022
BPL BILLS HIKE 'FINAL NAIL IN THE COFFIN': Retail chief brands fuel charge rises 'completely insane'
The Bahamas Federation of Retailers co-chair yesterday warned that electricity fuel charge hikes of up to 163 percent will be "the final nail in the coffin" for COVID-ravaged businesses yet to regain financial viability.
October 05, 2022
BPL BILLS HIKE: PM announces move due to rising fuel costs
PRIME Minister Phillip "Brave" Davis announced yesterday that Bahamas Power and Light will be increasing its monthly fuel charge in response to rising fuel costs, with the rate increase set to be reflected in consumers' electricity bills beginning November.
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