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HOUSE COMMUNICATIONS BY HON. FRED MITCHELL MP DEBATE ON THE ELECTRICITY (AMENDMENT) ACT 2014

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House Intervention by Fred Mitchell MP

Electricity (amendment) Act

21 January 2014

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Mr. Speaker,

I support this legislation.

I want to say that one of the statements I remember about energy is that at a Chamber of Commerce dinner where my friend Henry Dean was named Developing Entrepreneur of the Year; former Treasury Secretary of the United States Nicholas Brady who is a resident of Lyford Cay spoke. He said that you cannot develop your economy without a reliable source of electricity. I think Bahamians know instinctively that that is correct.

You just have to ask those who cuss every time the power goes off in this country. The problem is I do not remember a time when the power was not going off in this country: it didn’t matter which government, from the UBP time to now. The history is power failure after power failure.

So this government is now in, trying to do the heavy lifting to make a reliable power supply a reality for this country. We have that brand new hotel coming up which places enormous power demands on us and we have to find a way to meet the power needs. We cannot have another summer of our people sweating in discontent.

Finally, it appears that the US is engaged in this, in seeking a solution.

In connection with their input, the U S Vice President Joe Biden is convening an energy summit in Washington DC on 26th January. Our Prime Minister in his capacity as Chair of Caricom and in his own right will be making a statement at the conference.

We welcome the engagement of the United States in this matter. In particular, we hope that this will lead to changes in policies by that country to enable cheaper access to energy supplies.

We know for example or have been told that when investors come to The Bahamas and in particular to Grand Bahama, they love the place. Everything is fine, until they hear the cost of power.

When you compare the cost of power at 40 cents per kilowatt hour produced in The Bahamas, Canada produces at 8 cents per KwH, China at 11 cents per KwH, the USA at 12 cents per KwH and Trinidad at 7 cents per KwH.

The US, UK and other partners have criticized the Caricom region for embracing Petro Caribe, a marketing programme by Venezuela to sell petroleum products to Caricom with extended credit. Recently Venezuela sold their credit note to a private sector interest. Countries are watching this carefully but it has been beneficial to all countries in the region that were facing balance of payment problems and had public sector distribution of oil.

We welcome the ability now to join the grid by supplying your own power.

Power will be one of the major determinants about the success or failure of Caricom economies. It is most important that we resolve this problem.

Renewable energy sources are the clear answer. At the moment some relief with the process of fossil fuels falling but we do not know how long this will last. So in the long term we must resolve the issue of the cost of power.

· At the Summit, the Organization of the Petroleum Exporting Countries (OPEC) will announce a team dedicated to energy projects in the Caribbean. The team will focus on identifying projects, identifying funding and marrying projects with investors. The goal is to unlock private sector capital to enhance energy security and taking on new debt is not the best way to deal with the issue.

· At the Summit, the World Bank is to announce a donor coordination mechanism; i.e. working with different countries to coordinate how energy requirements are approached in the region and to establish a new funding facility that can be drawn on and governments can contribute to.

· Create a sense of high level engagement from the US with the region on energy security, particularly regarding the notion that CARICOM should not be subject to the vagaries of oil markets, governments and oil suppliers, and towards an outcome of cheaper, safer, more reliable energy resources for the region based on market mechanisms;

· Listen to Caribbean leaders to understand better the problems that confront energy pricing and supply in the region;

· Consider necessary market and regulatory reforms in the region needed to spur investment in energy sectors;

· The US currently limits export of energy resources. CARICOM should make a loud call to the US that you should be looking to us as a market and if there will be a opening for US exports of energy resources then we should be the top of the list as a potential market;

· The Caribbean to propose ideas to make its own energy supply less hydro carbon dependent;

· US proposals cannot compete with Petro Caribe because that is not a market based system, which they assume is not sustainable, but intend to discuss what the US is offering as an alternative, namely:

· Organization of the Petroleum Exporting Countries (OPEC) guarantees for projects;

· Assisting consortium of islands to pool resources to show a demand pulse to oil companies;

· Carving out /prioritizing friends as markets using the leverage the US Government has in divvying out licenses.

For CARICOM, energy security is about creating a more competitive, dynamic and prosperous economy. Lower energy costs will unleash more disposable income for our citizens and make our economies more globally competitive.
· CARICOM would like to be seen as equal partners for investment – the methodology for cooperation could be: “What is in it for you? What is in it for me? Can we do it together?”

· The greater Caribbean should be seen as a viable market for US export and investment and as the third border of the United States, not only friends but family, we expect to be prioritized for any new access provided to US energy resources. We see today’s Summit as a measure of our mutual resolve to strengthen our common future. We look to the US Government for assistance with facilitating bridges between US resources and expertise and Caribbean potential.

· CARICOM is looking to develop its own resiliency, self-sufficiency and export potential given the energy resources, mostly untapped, in our own territories – therefore a priority for assistance should be to help us to help ourselves.

Access to multilateral finance/ aid and private capital is important to developing our own potential to be energy secure. This will require countries like the United States, who have significant influence over multilateral institutions and international financial institutions, to commit to reconceptualising indicators of development needs which are currently based on crude metrics and which lock out many Caribbean countries from access to concessional financing and aid. Either IFI’s will have to reform or risk becoming irrelevant and uncompetitive in relation to emerging international financing options.

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Health

What to Look for with Self-Checks at Home

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February is National Self- Check Month and family medicine physician at Cleveland Clinic, OH, John Hanicak, MD, highlights why at home self-checks are extremely important when it comes to not just early cancer detection but identifying other illnesses too and offers tips on what to look out for.

“Sometimes Ilook at them as sort of like your check engine light on the car, just like therewould be a red flashing light that tells you that there’s something wrong with acar and prompts you to bring that in and get serviced. Your body does the samething. It gives you warning signs tolook intothat symptom a little bit further,” said Hanicak.

Dr. Hanicak saidself-checks are going to be a little different for everyone. 

However, in general, he recommends looking for anything that may seem abnormal, such asunexplained weight loss,blood in your urine, bumps and bruisesthat won’t heal,and changes in bowel habits. 

For example, if you suddenly start going to the bathroom a lot more than you used to, that could bea signof something more serious. 

He also suggestsdoing regular skin checksanddocumentingany molesor spotsthat start to look different. 

“Realize that you are your own person.There’s nobody else in the world exactly like you.You’ve got your own set ofideas, your own family history and your own genetics.Know what is normal for you, and when that changes, that’s the kind of thing thatwe would be interested in talking about,” said Dr. Hanicak. 

Dr. Hanicaknotes that self-checks are not meant to replace cancer screenings, as those are just as important to keep up with. 

Press Release: Cleveland Clinic

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Bahamas News

Groundbreaking for Grand Bahama Aquatic Centre

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PM: Project delivers on promise and invests in youth, sports and national development

 

GRAND BAHAMA, The Bahamas — Calling it the fulfillment of a major commitment to the island, Prime Minister Philip Davis led the official groundbreaking for the Grand Bahama Aquatic Centre, a facility the government says will transform sports development and create new opportunities for young athletes.

Speaking at the Grand Bahama Sports Complex on February 12, the Prime Minister said the project represents more than bricks and mortar — it is an investment in people, national pride and long-term economic activity.                                                                                                                                                    The planned complex will feature a modern 50-metre competition pool, designed to meet international standards for training and regional and global swim meets. Davis said the facility will give Bahamian swimmers a home capable of producing world-class performance while also providing a space for community recreation, learn-to-swim programmes and water safety training.

He noted that Grand Bahama has long produced outstanding athletes despite limited infrastructure and said the new centre is intended to correct that imbalance, positioning the island as a hub for aquatic sports and sports tourism.

The Prime Minister also linked the development to the broader national recovery and revitalisation of Grand Bahama, describing the project as part of a strategy to expand opportunities for young people, create jobs during construction and stimulate activity for small businesses once operational.

The Aquatic Centre, he said, stands as proof that promises made to Grand Bahama are being delivered.

The project is expected to support athlete development, attract competitions, and provide a safe, modern environment for residents to access swimming and water-based programmes for generations to come.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas News

Tens of Millions Announced – Where is the Development?

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The Bahamas, February 15, 2026 – For the better part of three years, Bahamians have been told that major Afreximbank financing would help transform access to capital, rebuild infrastructure and unlock economic growth across the islands. The headline figures are large. The signing ceremonies are high profile. The language is ambitious. What remains far harder to see is the measurable impact in the daily lives of the people those announcements are meant to serve.

The Government’s push to secure up to $100 million from Afreximbank for roughly 200 miles of Family Island roads dates back to 2025. In its February 11 disclosure, the bank outlined a receivables-discounting facility — a structure that allows a contractor to be paid early once work is completed, certified and invoiced, with the Government settling the bill later. It is not cash placed into the economy upfront. It does not, by itself, build a single mile of road. Every dollar depends on work first being delivered and approved.

The wider framework has been described as support for “climate-resilient and trade-enhancing infrastructure,” a phrase that, in practical terms, should mean projects that lower the cost of doing business, move people and goods faster, and keep the economy functioning. But for communities, that promise becomes real only when the projects are named, the standards are defined and a clear timeline is given for when work will begin — and when it will be finished.

Bahamians have seen this moment before.

In 2023, a $30 million Afreximbank facility for the Bahamas Development Bank was hailed as a breakthrough that would expand access to financing for local enterprise. It worked in one immediate and measurable way: it encouraged businesses to apply. Established, revenue-generating Bahamian companies responded to the call, prepared plans, and entered a process they believed had been capitalised to support growth. The unanswered question is how much of that capital has reached the private sector in a form that allowed those businesses to expand, hire and generate new economic activity.

Because development is not measured in the size of announcements.

It is measured in loans disbursed, projects completed and businesses expanded.

The pattern is becoming difficult to ignore. In June 2024, when Afreximbank held its inaugural Caribbean Annual Meetings in Nassau, Grand Bahama was presented as the future home of an Afro-Caribbean marketplace said to carry tens of millions of dollars in investment. What was confirmed at that stage was a $1.86 million project-preparation facility — funding for studies and planning to make the development bankable, not construction financing. The larger build-out remains dependent on additional approvals, land acquisition and further capital.

This distinction — between financing announced and financing that produces visible, measurable outcomes — is now at the centre of the national conversation.

Because while the numbers grow larger on paper, entrepreneurs still describe access to capital as out of reach, and communities across the Family Islands are still waiting to see where the work will start.

And in an economy where stalled growth translates into lost opportunity, rising frustration and real social consequences, the gap between promise and delivery is no longer a communications issue.

It is an inability to convert announcements into outcomes.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.  

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