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Proposed natural gas hike ‘non-negotiable’, warns Stuart

Proposed natural gas hike ‘non-negotiable’, warns Stuart

With the state-run National Petroleum Corporation (NPC) currently projecting a loss of about $4.7 million next year, Prime Minister Freundel Stuart Friday warned ahead of Minister of Finance Chris Sinckler’s much-anticipated Budget presentation later this month that “some kind of rate increase” would be coming to help NPC meet its financial obligations and effectively carry out […]

Oil brush

Oil brush

Prime Minister Freundel Stuart seems to have brushed aside a recommendation by the recently established Fiscal Deficit Committee to sell the Barbados National Oil Company Limited (BNOCL) and the National Petroleum Corporation (NPC). Instead, Government will proceed with the planned merger of the two state-owned entities (SOEs). Opening debate on the National Petroleum Corporation Amendment […]

Sutherland calls for a sustainable energy plan

Sutherland calls for a sustainable energy plan

Member of Parliament for St George South Dwight Sutherland has given the Ministry of Energy a failing grade for its oversight of the renewable energy sector. At the same time, he has called for a clear proposal to be presented by the Freundel Stuart administration on the proposed amalgamation of the National Petroleum Corporation (NPC) […]

Madness!

Madness!

Cooking with natural gas is about to become more expensive for Barbadians, who are being told to expect a price increase.    Minister of Industry and Commerce Donville Inniss Wednesday announced that the Ministry of Finance and the Ministry of Energy were in the final stages of discussions on an increase in natural gas rates, something […]

Change coming

Change coming

Barbados could be in for a revolution of sorts. Minister of Industry, International Business, Commerce & Small Business Development Donville Inniss revealed Tuesday that the island was at “a very advanced stage” in terms of its development of practical renewable energy proposals, while stating that Government’s intention was to fully transform the industrial sector. He was […]

Energy to create wealth

Energy to create wealth

More opportunities are opening up for ordinary Barbadians to make money from generating renewable energy. This is the view of President of the Barbados Renewable Energy Association (BREA) Aidan Rogers. In an interview with Barbados TODAY, he said a decision by the Fair Trading Commission (FTC) earlier this year has created a new window of opportunity […]

It’s unjust

It’s unjust

The proposed construction of a multi-million dollar Canadian-owned solar farm on lands at Waterford Plantation, St Michael is getting some serious heat from leading local stakeholders and interest groups, including Williams Industries Chairman Ralph Bizzy Williams. Canadian energy company Deltro Group has applied for planning permission to build a 20 megawatt solar farm on 70 […]

DELTRO blames setbacks for project delay

DELTRO blames setbacks for project delay

With a promised multi-million dollar renewable energy facility yet to get off the ground, the Canadian energy firm which last year pledged “much cheaper” energy than what Barbadians were paying to Barbados Light & Power is seeking to reassure the country that the sun has not gone down on the project. When DELTRO Group Ltd […]

Venezuela’s oil offer still stands – ambassador

Venezuela’s oil offer still stands – ambassador

The door is still open for Barbados to purchase oil under the PetroCaribe agreement at generous preferential terms, resident Head of Mission at the Venezuelan Embassy Franciso Perez Santana has said. Dismissing concern that prevailing turmoil in the Spanish-speaking country had put a damper on the oil deal sealed 11 years ago, Santana insisted the […]

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