#Nassau, August 7, 2019 – Bahamas – The Bahamas Power and Light
Company Ltd. (BPL) wishes to apologize to our customers for the power outages
of this past weekend. We recognize the inconvenience such outages cause to our
community, and we are working diligently to address the issues raised by aging
infrastructure and a transmission and distribution grid in need of an upgrade.
While we are still investigating
the causes for the outages, we can confirm that three of our major generation
assets were out of service, which exacerbated the challenges we are facing
during the summer months. The failure of these assets extended the periods of
load shedding which we were forced to undertake. BPL Management would like to
thank the Generation team for their continuing hard and brilliant work as they
seek to return these assets to the grid.
We would like to assure our
customers that we are vigorously pursuing every available course of action to
address these obstacles, in particular the Rate Reduction Bond process, which
will allow BPL to access a much-needed capital infusion at this critical time
in our ongoing development.
We take this moment to look forward
to the completion of the 132 Megawatt power plant at Station A before the end
of the year. The ability of the new station to provide baseload generation will
allow us to address some of the issues mentioned earlier, and will help BPL
provide stable, reliable electricity to our customers in a safe and more
affordable manner.
Thank you.