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Government Signs Agreement to expand the use of solar energy in The Bahamas

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By: Betty Vedrine

Bahamas Information Services

 

#TheBahamas, March 31, 2022 – The government has signed a $9 million contract funded by the European Union in partnership with the Inter-American Development Bank (IDB) that will assist in the expanded use of clean, renewable energy, and promote post-hurricane reconstruction ‘with resilience’ in The Bahamas.

Signing on behalf of the Bahamas Government was Minister of Economic Affairs, Senator the Hon. Michael  Halkitis; Country Representative, Daniela Carrera-Marquis signed for the IDB.  Also in attendance was European Union Ambassador, Her Excellency Marianne Van Steen. Representing the Minister of Works was Luther Smith, Permanent Secretary in the Ministry of Works and Utilities.  The ceremony was held at the Ministry of Finance on Wednesday, March 30, 2022.

Senator Halkitis said: “It is worth noting that a high priority of this administration is to reduce the use of fossil fuel by creating an environment for renewable energy, where interested persons or entrepreneurs can participate in, among other things, the application of solar energy for the advancement of industry that is propelled by clean energy. Today, the EU and IDB are providing financial assistance of approximately $9 million, in grant funds, to assist in transforming a plan for renewable energy into reality.”

He said that the support comes at a very timely moment given the current geopolitical circumstances impacting fuel prices and the rise in the costs of goods and services. He also alluded to a current energy investment initiative that is currently being funded by the IDB at a cost of $80 million.

“This project, in summary, entails the installation of renewable energy capacity in East End Grand Bahama and Abaco. The Family islands are also expected to receive support from the energy investment project as solar systems will be constructed on these islands to reduce reliance on traditional energy,” said Minister Halkitis.

IDB Country Rep., Daniela Carrera-Marquis said that the funds will support two micro grids in Abaco and provide electricity support and storage facilities. The grid in Abaco is located in Marsh Harbour near the Government Complex and will impact up to 17,000 persons. The other grid will be located in the Cooper’s Town Medical Clinic facility and will impact 1,000 persons. The funds will also be used to boost energy capacity in New Providence in three locations with a capacity of 407kilowatts. The grids will be located at the University of the Bahamas (UB); C.I. Gibson Senior High School and the Bahamas Customs Headquarters. The UB grid will also serve as a pilot program and will provide training and supplementary electricity.

European Union (EU)  Ambassador, Marianne Van Steen said that the EU was motivated to start the project since Hurricane Dorian devastated the islands.

“The European Union thought that climate change had to be a high priority, therefore this project was in line with our objective of promoting renewable energy. We are happy to see the Government of the Bahamas is aggressively pursuing its objectives of facing climate change and reducing the country’s reliance on fossil fuels,” she said.

Permanent Secretary in the Ministry of Works, Luther Smith said that the project will commence immediately.

The government has pledged to reduce its reliance on fossil fuels by 30 percent by the year 2030.

 

PHOTO CAPTION:

Agreement signed Wednesday to expand local use of solar energy, thereby increase resilience in face of climate change.  Pictured at the Ministry of Finance, from left: IDB Country Representative Daniela Carrera-Marquis, Minister of Economic Affairs Senator the Hon. Michael Halkitis, European Union Ambassador Her Excellency Marianne Van Steen, and Ministry of Works and Utilities Permanent Secretary Luther Smith.

(BIS Photo/Patrick Hanna)

 

Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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Bahamas News

C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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