TCI News

FortisTCI President and CEO Speaks at Clinton Global Initiative Action Network in Puerto Rico

# Providenciales, Turks and Caicos Islands – Wednesday, February 19, 2020 – #FortisTCI President and CEO and Chairman of the Caribbean Electric Utility Services Corporation (CARILEC) Eddinton Powell was a guest speaker and panelist at the Clinton Global Initiative (CGI) Action Network in Puerto Rico on Wednesday, February 19.

Eddinton Powell, CEO FortisTCI center of panel. Photo provided by FortisTCI

His one on one talk with Pegasus Capital Advisors Chief Strategy Officer David Crane highlighted FortisTCI’s focus on renewable energy and how the Caribbean is working to make a transition to more sustainable and green energy options.

The guest panel discussed the topic, ‘Leading the Energy Transition: Small Business Growth, Innovation and Entrepreneurship’, and included representatives from various roles within the sector who shared their experience being at the forefront of the energy transition.

The group also explained the importance of building strong cross-sectional partnerships with policymakers, investors, and innovative companies to create clean energy ecosystems.

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Mr. Powell spoke about the relationships FortisTCI has created through the company’s Utility Owned Renewable Energy (UORE) Program, as well as the work the company continues to do to increase the uptake of renewable energy in the Turks and Caicos Islands.

“FortisTCI is embracing the integration of feasible renewable energy solutions and aims to meet or possible exceed targets as outlined in the country’s Resilient National Energy Transition Strategy (RNETS). The goal of 33% renewable energy generation by 2040 not only increases resilience and sustainability profiles, but will also reduce environmental impact and can offer cost saving to our customers if done right,” Mr. Powell said.

The Clinton Foundation initially launched the CGI program on post-disaster recovery following the devastating 2017 Hurricanes Irma and Maria that severely impacted most of the eastern Caribbean, and the Turks and Caicos Islands.

The goal of the CGI Action Network is to bring industry leaders together to develop long-term solutions that will create a more resilient and sustainable energy sector throughout the Caribbean region.

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