June 4, 2021 – A historic engagement this week as Prime Minister, Dr. the Right Honourable Keith Mitchell, Energy Minister, Honourable Gregory Bowen and Public Utilities Minister, Senator the Honourable Norland Cox, met with workers of the Grenada Electricity Services Limited (GRENLEC). Dr. Mitchell acknowledged the historic nature of Wednesday’s meeting in his remarks noting […]
By Laurel Theresa Bain The Government has released its Fiscal Summary report for December 2020. This report published on the Government website, https://www.finance.gd/index.php/fiscal-reports, has not shed much light on the financing of the repurchase of the WRB shares in GRENLEC. In the fiscal table provided, capital expenditure for December 2020 was reported at $178.5M. It […]
St. George’s, Grenada, Tue., 2nd Feb., 2021 –GIS: The United Arab Emirates-Caribbean Renewable Energy Fund (UAE-CREF) is partnering with the Government of Grenada to develop a Solar Photovoltaic (PV) Hybrid/ Battery Storage Plant, in Limlair, Carriacou. The grant of US$3.2 million was announced at the Eighth Session of the General Assembly of the International Renewable […]
Monday, 20 January 2021: Grenlec is pleased to congratulate the winners of its Bill for Free (BFF) promotion, which ended on 31 December 2020. Grenlec invited customers to enter the promotion for a chance to win electricity credit for one year. On 7 January 2021, 15 winners were randomly selected from entries submitted by customers […]
ST. GEORGE’S GRENADA, 15th January, 2021: The Government of Grenada is in the process of solidifying the principles that will guide the divestment of its majority shares in the newly repurchased Grenada Electricity Services Limited (GRENLEC). It is Government’s desire to see that as many locals as possible have an opportunity to invest in this […]
January 7, 2021 – Prime Minister, Dr. the Right Honourable Keith Mitchell has affirmed the correctness and legality of Government’s buyback of majority shares in GRENLEC. Posed with a question about the legality of the action during a live interview Thursday, Dr. Mitchell said Government did not break any laws in concluding the buyback arrangement. […]
On Wednesday, December 30th, 2020, Hon. Gregory Bowen and Hon. Oliver Joseph, hosted a press conference to address the people of Grenada on Government’s Repurchase of the WRB Shares GRENLEC, in keeping with the Arbitration Tribunal’s Award to WRB, rendered on March 19th, 2020. Source of Government Funds for Refinancing Foremost on the mind of […]
St. George’s: December 30, 2020: Minister for Finance, Public Utilities, Energy, Physical and Economic Development Hon. Gregory Bowen says government’s prudent fiscal management from 2013 to the present, has contributed to its ability to raise the US $63 million to repurchase shares in the Grenada Electricity Company (GRENLEC). Government said in a statement on Tuesday […]
December 30, 2020 – Prime Minister, Dr. the Right Honourable Keith Mitchell, is assuring the nation that there is no change in the status of workers at the Grenada Electricity Services Limited (GRENLEC). Dr. Mitchell also assures that the management structure of the company remains unchanged. He said, “I do not think there is any […]
