Although no provision is made in the 1994 sale agreement, United States based company, WRB Enterprises, the major shareholder in Grenada’s lone electricity company, the Grenada Electricity Services Ltd. (Grenlec) has announced that it will soon complete the country’s largest Solar Project.
During a recent site visit with the media at Queen’s Park St. George, Grenlec’s Chief Engineer, Clive Hosten, said the company plans to implement the project within the next three (3) months.
His announcement comes amidst moves by the Keith Mitchell-led New National Party (NNP) government to scrap Grenlec’s 80-year monopoly status as the lone power supplier in Grenada.
Under a 1994 sale agreement between WRB and a former Congress government of Sir. Nicholas Brathwaite, the American owned company purchased 51% of the shares in Grenlec.
The agreement was reportedly ratified in 1989 by an act of Parliament under a previous NNP administration headed by current PM Mitchell.
The $6.4 million solar project, which commenced in September 2015, consists of 11 solar photovoltaic (PV) installations at Grenlec’s facilities in Grand Anse, Queen’s Park and Plains.
The 11 sites, which include a combination of carport, roof- and ground-mounted solar PV installations will have a total capacity of 937 kW.
Speaking to the media during a recent site visit Grenlec’s Chief Engineer, Clive Hosten said it has the potential to bring more renewable energy online, help achieve the goal of 20% renewable energy by 2020, stabilise electricity costs, and contribute to a greener Grenada.
Parliament has recently approved a new Electricity Supply Bill, which seeks to reform the electricity sector and regulate electricity rates in the country.