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Grenlec

Government of Grenada Repurchases Grenlec Shares in US $63 Million Settlement Agreement and Receives Additional 11.6% Shares

Government of Grenada Repurchases Grenlec Shares in US $63 Million Settlement Agreement and Receives Additional 11.6% Shares

St. George: December 29, 2020: The Government of Grenada has secured significant cost savings in the just concluded repurchase of shares in the Grenada Electricity Services Limited (GRENLEC), as part of its settlement agreement with WRB Enterprises which brings to an end, the International Centre for the Settlement of Investment Disputes (ICSID) arbitration case brought […]

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WRB/GPP Reach Settlement with Government of Grenada, Transfer Grenlec Shares

WRB/GPP Reach Settlement with Government of Grenada, Transfer Grenlec Shares

Tampa, Fla., December 28, 2020 – WRB Enterprises (WRB) and Grenada Private Power Limited (GPP) today announced it had executed a Settlement Agreement with the Government of Grenada, effective December 24, 2020. Under that Agreement, WRB/GPP and related parties transferred their majority stake in Grenlec to the Government in exchange for the payment of USD $63 […]

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Minister for Labour Invites Parties to take Unresolved Issue to Arbitration

St. George’s: July 17, 2020: After three sessions of meetings held on the 14th, 15th and 16th of July, the dispute between the Technical and Allied Workers Union and the Grenada Electricity Services Ltd. remains unresolved.  The dispute concerns the issue of annual vacation leave and whether or not the company can legitimately deem workers […]

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Sandra-Ferguson

Grenada Power Company and WRB Enterprises vs. Government of Grenada (Part 3)

Wilful Malfeasance This series seeks to create awareness among we the people of the award of the International Centre for the Settlement of  Investment Disputes (ICISD)  in favour of the Claimants, Grenada Private Power and WRB Enterprises Inc. – which own the controlling interests in GRENLEC –  in their dispute with the Government of Grenada […]

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Sandra-Ferguson

Grenada Power Company and WRB Enterprises vs. Government of Grenada (Part 2)

The Tribunal’s Analysis of the Liability Issues This series seeks to create awareness among we the people of the award of the International Centre for the Settlement of  Investment Disputes (ICISD)  in favour of the Claimants, Grenada Private Power and WRB Enterprises Inc. – which own the controlling interests in GRENLEC –  in their dispute […]

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Sandra-Ferguson

Grenada Private Power and WRB Enterprises vs. Government of Grenada

Part 1:  The Arbitration Award This is an attempt to raise the awareness of we the people re  Tribunal Award in respect of the dispute between the majority shareholders of GRENLEC –  the Grenada Private Power and WRB Enterprise Inc. – and the Government of Grenada.  It draws mainly from the award document.  It will […]

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Grenlec

Grenlec Announces Changes in Procedures in Response to Covid-19 Threat

Thursday, 19 March 2020:  As an essential service provider, Grenlec’s first priority is to safeguard you and our team members, while maintaining a reliable electricity supply for your homes, businesses and emergency response facilities. We are monitoring the developments related to Covid-19 Pandemic and will adjust our plans as required. Consequently, we are providing these […]

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