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The Government Signs Power Purchase Agreements to Help Transform Power Generation Across the Family Islands

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By Llonella Gilbert
Bahamas Information Services

 

NASSAU, The Bahamas — During a press conference at the Office of The Prime Minister on Sunday, June 1, 2025, Prime Minister and Minister of Finance the Hon. Philip Davis announced the signing of Power Purchase Agreements (PPAs) with two Bahamian partners who will help to transform power generation across the Family Islands.

The Prime Minister said, “We have made incredible progress in such a short amount of time.  When we took office in 2021, we encountered a power grid and power generation system on life support.”

He explained that Bahamas Power and Light (BPL) was drowning in over half a billion dollars of debt, plus another $100 million in unfunded pension obligations.                                                                                                                                                                                                                                                                                      The Prime Minister noted that at the same time, the country’s energy infrastructure required $500 million in critical upgrades to prevent catastrophic failure.                                                                                                                                                                                                       He said, “In New Providence, 60 percent of power generation equipment needed replacement, while our Family Islands were in even worse shape, with 80 percent of equipment requiring replacement within five years.

“For Bahamian families, our energy failures caused unnecessary hardship for a population that was still staggering from the effects of Hurricane Dorian, COVID-19, a deflated economy, and crippling inflation.”

The Prime Minister said the Government is committed to taking on these challenges head-on, with energy reform near the top of its list of priorities as one of the most meaningful ways to lower costs for families and local businesses.

“Ultimately, we see energy reform as a catalyst for economic empowerment and growth for all Bahamians.”

He added, “Our vision extended to every island, not just New Providence, not just the major economic and population centres, but to every island where Bahamians live, work, and raise their families.”

The Prime Minister noted that it is an ambitious undertaking requiring the Government to take on multiple Bahamian partners to deliver on its promise of widespread change.

“The PPAs we are signing today represent our unwavering commitment to keeping that promise.

“These partnerships will bring modern, reliable, affordable electricity to islands that have, for too long, endured aging infrastructure, frequent outages, and exorbitant costs.”

He explained that through these agreements, the Government will establish solar microgrids combined with advanced LNG and multigas systems across nine different areas in the Family Islands.

“This hybrid approach represents the perfect balance for our archipelago. We are harnessing our abundant sunshine while introducing cleaner fuels to ensure that our power needs are met, regardless of what the weather looks like.”

The Prime Minister said, “All of our partners are Bahamian-owned enterprises with the resources to expedite development to ensure that our people will benefit from these changes as soon as possible.

“In fact, each one of the PPAs we have signed this year will be initiated before year’s end and will be completed in 2026.”

He said among the companies the Government is partnering with is Family Island Microgrid Co., which will develop and operate new energy systems on five islands: Harbour Island, Bimini, Moore’s Island, Farmer’s Cay, Black Point and Staniel Cay in the Exumas. These communities will soon benefit from efficient multi-gas generation.

The Prime Minister said the second partnership is with RenugenPro Co. Ltd.   RenugenPro who will bring an energy revolution to San Salvador, Long Island, and Cat Island, with solar, battery energy storage and LNG facilities.

“These islands, each with their own unique energy challenges, will soon enjoy reliable, affordable electricity that should be the right of every Bahamian citizen.  The impact of these changes will be felt within months, not years.”

He explained that as large-scale solar and hybrid facilities spring up, Bahamians will benefit immediately from these comprehensive energy reforms.                                                                                                                                                                                            The Prime Minister said by this time next year, Bahamians across 14 islands will experience the benefits of modern, reliable, affordable electricity.                                                                                                                                He added that by 2030, 32 per cent of the nation’s electricity needs will be met by solar power – surpassing the global target of 30 per cent.

“Finally, after years of falling behind in the adoption of renewable energy, we will lead the way using the power of the sun in this new energy era:

“No more sky-high electricity bills at the end of each month.

“No more sweating in the dark at night because of power failures and load shedding.”

The Prime Minister said, “No more appliances shorting out and food going bad because the power went off for far too long.  That is the energy future we are striving for.”

(OPM Photos/Bradisha Fraser)

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Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

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Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

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UN Reports Ebola Outbreak Expands in DRC; Bahamas Monitors Two Recent Arrivals

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The Bahamas, May 29, 2026 – The Ebola outbreak in the Democratic Republic of the Congo (DRC) continues to expand, with United Nations officials now warning that the disease has spread across multiple eastern provinces and become the third-largest Ebola outbreak on record.

According to the UN Office for the Coordination of Humanitarian Affairs (OCHA), as of May 26 the outbreak had reached 13 health zones in Ituri, North Kivu and South Kivu provinces. More than 1,000 suspected cases have been reported, including 121 confirmed infections and 17 deaths. Six healthcare workers are among those who have died.

The United Nations says humanitarian teams remain actively engaged in treatment, surveillance, community outreach and disease containment efforts. However, the response is being complicated by insecurity, population movement and restrictions affecting the delivery of supplies and personnel.

While the outbreak remains confined to Africa, authorities in The Bahamas recently activated emergency health protocols after two men who had spent time in the Democratic Republic of the Congo arrived at Lynden Pindling International Airport aboard a British Airways flight.

The Ministry of Health confirmed the travelers were isolated after presenting low-grade fevers upon arrival on May 22. Officials later reported that the fevers subsided and neither individual displayed symptoms consistent with Ebola Virus Disease.

The two men, identified as a British national residing in Australia and a French national, were transferred to the Modular Unit at Princess Margaret Hospital for continued monitoring.

Health officials emphasized that there are currently no confirmed Ebola cases in The Bahamas and assessed the risk to the public as low.

Still, the growing outbreak overseas has prompted increased vigilance. Health Minister Dr. Michael Darville said the government is reviewing whether additional travel measures may be necessary for countries affected by the outbreak.

The United Nations this week announced up to US$60 million in emergency funding to support the Ebola response in the Democratic Republic of the Congo and neighboring countries, warning that rapid action remains critical to preventing further spread.

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