Tag: electricity
CUC increases customers but earnings fall
(CNS): Grand Cayman’s power company reported a slight drop in sales during the first quarter of 2015, despite growing its customer base by some 2%. During the first three months of this year CUC saw 435 more customers connected to the grid than in 2014 and at 31 March it had 27,873 customers. But officials […]
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 […]
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 […]
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