February 20, 2019
BPL chairman Donovan Moxey.
Stories this photo appears in:
BPL chair asserts Shell negotiations ‘making progress’
Bahamas Power & Light (BPL) has made “significant progress” in negotiations with Shell North America for the latter to supply New Providence’s baseload electricity needs, its chairman said yesterday.
BPL races to get $535m bond ‘across finish line’
Bahamas Power & Light (BPL) is racing to get its $535m refinancing “across the finishing line”, its chairman said yesterday, amid growing scepticism over whether the bond issue will actually happen.
BPL targeting $85m from local investors
Bahamas Power & Light’s (BPL) chairman yesterday voiced confidence that local investors will “fully subscribe” for the $85m portion of its upcoming bond issue that will be placed in this nation.
BPL chair touts 40% outage fall
Bahamas Power & Light's (BPL) chairman yesterday pledged that it will be half-way towards its renewable energy targets by end-2025 as he hailed a 40 percent-plus drop in electricity outages.
BPL aims for rate reduction bond by February
BAHAMAS Power & Light Chairman Dr Donovan Moxey said yesterday that officials are working feverishly to close the power provider’s rate reduction bond by early next year.
BPL's Shell MoU hits its expiry date
Bahamas Power & Light's (BPL) chairman yesterday confirmed a key agreement with Shell for New Providence's new power plant has expired amid suggestions the Government may approach "other parties".
Shell urges ‘timely’ power plant closing
Bahamas Power & Light’s (BPL) chairman yesterday pledged he is focused on “getting the best possible deal” for its new power plant as its multinational partner called for “the timely closure” of negotiations.
Moxey denies claims former workers are still employed
BAHAMAS Power and Light chairman Donovan Moxey denied claims that some employees who took disengagement packages from the company remain employed with the same benefits and salary, however, he told The Tribune they were re-engaged on a contractual ba
BPL chair admits: ‘We’ve lost trust of our customers’
Bahamas Power & Light’s (BPL) chairman yesterday admitted the utility has “lost the trust of most of our consumers”, while also conceding: “Our customer service is terrible.”
Consumers face 15% extra BPL bill charge
Bahamas Power and Light’s (BPL) chairman yesterday revealed that the extra charge consumers must pay come March 2020 will likely be equivalent to 15 percent of their electricity bills.Dr Donovan Moxey finally clarified that the National Utility Inves
Local institutions to participate in BPL bond issue
Bahamas Power & Light’s (BPL) chairman yesterday confirmed that local institutional investors will be able to participate in the utility’s upcoming mammoth $650m bond refinancing.
INSIGHT: This is an inherited crisis that we are trying to clear up
This summer, customers of Bahamas Power and Light have yet again endured frustrating periods of load-shedding as generation capacity has failed to meet demand for electricity. Prime Minister, Dr Hubert Minnis, was correct – this was a crisis for families who could not cook meals, small business owners who could not complete transactions, and every Bahamian who had their daily life disrupted by these periods without power.
BPL: Base rate cut 'genesis' of woes
BAHAMAS Power & Light’s (BPL) chairman has blamed the “genesis” of the utility’s present predicament on the first Christie administration’s decision to cut its base tariff rate.
Generation need drives BPL’s first four solar choices
Bahamas Power & Light’s (BPL) chairman yesterday said the four Family Islands targeted to pioneer solar energy’s roll-out were selected because of their “additional generation needs”.
‘Power’s off, so why higher bills?’
AMID consumer complaints of rocketing Bahamas Power and Light bills in the aftermath of load shedding and an island wide outage, BPL Chairman Donovan Moxey is urging consumers to look at subtle changes in their behaviour while at home.
BPL apologises for blackouts and admits: NOT GOOD ENOUGH
BAHAMAS Power and Light chairman Donovan Moxey has blamed this month’s adverse weather conditions for the power provider’s inability to receive rental generators earlier, which rendered it unable to fulfil electricity demands over the weekend when two of its units went offline.
BPL eyes 'two for price of one' over renewables
Bahamas Power & Light’s (BPL) Board will meet today to discuss the timeline for rolling-out utility-scale renewable generation across the Family Islands as it targets “two for the price of one”.
BPL vendors ‘fall through cracks’ in payment delay
Bahamas Power & Light’s (BPL) chairman yesterday admitted some vendors had suffered payment delays because they had “fallen through the cracks” with its new procurement system.
No electricity problems this summer, predicts Moxey
BAHAMAS Power and Light chairman Donovan Moxey says there should be no issues in the coming summer months when consumers will use more electricity.
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