TCI News
FortisTCI President & CEO Eddinton Powell Earns CREF Energy Leadership MVP Award
#Providenciales, October 28, 2019 – Turks and Caicos Islands – FortisTCI President and CEO Eddinton Powell was recently named the 2019 recipient of the 3rd Annual Caribbean Renewable Energy Forum (CREF) Energy Leadership MVP Award. The honor is given to a nominee who has made a significant contribution to energy development in the region. CREF Program Director Julie Taylor, on behalf of the CREF Advisory Committee, announced the award on Thursday, October 17, at the 11th annual CREF Conference in Miami, Florida, USA.
With almost 40 years of industry experience and 12 years as President and CEO of FortisTCI, Mr. Powell is credited with leading the transformation of the electricity sector in the Turk and Caicos Islands (TCI). His accomplishments include investing in the professional development of employees to create a well-trained and diverse workforce, leading to the company achieving ‘Investors in People’ accreditation in 2016. In 2018, FortisTCI was again accredited with Investors in People (Silver) certification.
Under his leadership, FortisTCI earned its first investor grade credit rating with Standard & Poor’s, providing the company the opportunity to access affordable financing in the United States capital debt market. Other FortisTCI achievements under Mr. Powell’s leadership include, earning ISO 22301:2012 certification for business continuity management from three leading global standards organizations, and ISO 14001:2015 and ISO 45001:2018 certification for Occupational Health and Safety, and Environmental Management Systems. Mr. Powell also created an environment where modernizing utility infrastructure for resiliency and reliability was a priority. This approach led to a utility with one of the highest reliability stats in the region, adding to the continued economic development of the TCI.
In 2018, the company won the Edison Electric Institute (EEI) restoration award for its recordbreaking restoration of service in the aftermath of Hurricanes Irma and Maria. FortisTCI restored service to the entire country in 60 days, which had a positive impact on the country’s economy.
Mr. Powell has led FortisTCI to integrate and enable the renewable energy transition through the establishment of distributed generation solar programs for customers, which received the 2018 CREF award for Best Distributed Generation Project. He and his team have also worked alongside the Turks and Caicos Island Government and the Rocky Mountain Institute to finalize a national energy plan called the Resilient National Energy Transition Strategy, which will serve as the country’s blueprint over the next 22 years.
In May of this year, Mr. Powell was elected as Chairman of the CARILEC Board, having already served as CARILEC Vice Chairman, Chairman of the Audit and Risk Committee, and a member of the Executive Committee between the 2016 – 2019 terms. In his current role as Chairman of the Board, Mr. Powell has advocated regionally for the transition to cleaner energy sources and encouraged a focus on sustainability and resiliency. Prior to 2007, Mr. Powell served 25 years with Caribbean Utilities Company Ltd (CUC) in the Cayman Islands, four years of which he was Senior Vice President and Chief Financial Officer.
Speaking of the award, Mr. Powell said, “This came as a complete surprise. I am humbled to accept this award, but I do so in honor of the fantastic women and men at FortisTCI and the great support from our Parent Company, Fortis Inc. This Award means a great deal to me and the company, and the people that I represent and work with. CREF is doing a great job in promoting renewable energy in the Caribbean. The annual CREF Conference has help to facilitate the rapid scale-up of renewable energy in the region.”
CREF is the largest annual industry conference for the Caribbean region focused on advancing the clean energy market for a clean energy future. As CREF Organizers, New Energy Events established the awards program to recognize Caribbean leaders making a difference through resiliency and renewable energy and creating project development for countries to transition to more sustainable clean sources of energy.
Release: Fortis TCI
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
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