Tag: CUC
CUC confirms partners for new power plant
(CNS Business): Caribbean Utilities Company has announced that it has entered into a design-build contract agreement with both a Danish company and a German company to develop its new power plant in George Town. The deal is in relation to the contract CUC won, following an ERA bid, to supply extra future power for Grand […]
CUC raises $50m to fund new diesel plant
(CNS Business): Grand Cayman’s power supplier has raised $50 million in the US markets from an unsecured private debt placement. Caribbean Utilities Company (CUC) raised the cash from different institutional investors to finance the development of a 39.7 MW diesel power plant and other capital expenditures. CUC was recently awarded the contract to supply itself […]
Planning sought for solar power
(CNS Business): A renewable energy providers which is currently in discussions with Caribbean Utilities Company (CUC), the power distributors for Grand Cayman, has applied for planning permission to start the development of a 5MW solar power plant. According to CUC, which is currently the sole supplier of electricity for the island, it is anticipated that […]
New diesel generators will reduce power bills
(CNS Business): The US$85 million contract to produce 36 MW of incremental generating capacity on Grand Cayman is the largest single project that Caribbean Utilities Company (CUC) has ever undertaken, President and CEO Richard Hew said following news that CUC had out bid its competitors, DECCO (Dart Group), which submitted two proposals, and the Louis […]
New power provider to be announced this week
(CNS Business): The Cayman Islands’ Electricity Regulatory Authority (ERA) said this week that the announcement regarding who has secured the contract to supply the additional 36 megawatts of power that will be required by Grand Cayman in the coming years was expected before Friday. Dart Enterprises Real Estate Ltd, the Louis Berger Group and Caribbean Utilities […]
CUC leads electricity safety seminar
(CNS Business): Over 100 contractors from around Grand Cayman attended a health and safety seminar recently and were reminded that “doing any job safely is an integral component of doing it well.†The contractors took part in the first annual Caribbean Utilities Company’s Contractor/Subcontractor Health, Safety and Environment Workshop, which was held at the Grand […]
Recent comments