CARIF Market News - Page 18 of 28

Montserrat port development project open for procurement
February 24, 2020
The Montserrat Port Development Project has advanced to the procurement process phase, as contractors are now invited to pre-qualify for the design-build contract for the Phase 1 Development. Project Manager of the Montserrat Port Development Project, Dion Weekes said the Project has satisfied the conditions set by the Caribbean Development Bank (CDB) to advance to […]
Q&A: Quakes pose a new threat to Puerto Rico’s grid, but PREPA expects power to be restored to all customers in days

From our Editorial Team
January 10, 2020
At least 45 earthquakes shook Puerto Rico over several days in early January, leaving behind collapsed buildings and a crippled electric grid. As of publication, approximately two-thirds of the island’s 3.2 million customers remain in the dark. The temblors severely damaged Guayanilla Power Plant in the southern region, which generated more than a quarter of […]
US$1 trillion energy investment coming to LAC
November 22, 2019
Latin America and the Caribbean could see a US$1 trillion windfall in energy and infrastructure investments over the next five years, according to a senior U.S. Treasury Department official. It is expected that a portion of that funding may flow through the América Crece program, launched in 2018 to address myriad barriers to infrastructure development […]
Puerto Rico issues RFQ for new generation facility
November 15, 2019
Puerto Rico is seeking a P3 partner to develop a generation facility in its northern region. The Puerto Rico Public-Private Partnerships Authority (PRPPA) and the Puerto Rico Electric Power Authority (PREPA) issued an RFQ seeking a private partner to develop, finance, construct, and operate the facility. It would be located adjacent to the existing Palo […]
NuStar completes $250-million sale of Caribbean storage terminal
November 15, 2019
NuStar Energy has finalized the US$250-million sale of its oil storage terminal on Saint Eustatius to Prostar Capital. NuStar President Brad Barron said that proceeds from the sale, which marks the company’s exit from the Caribbean market, would be redeployed to its core businesses in North America. The terminal’s 14-million-barrel storage capacity includes crude oil, […]
$250-million redevelopment deal finalized for Bahamas cruise port
November 15, 2019
Major redevelopment is coming to Prince George Wharf, with the completion of a 25-year port operation and lease agreement between the government of the Bahamas and the Nassau Cruise Port consortium. The consortium, which includes Global Ports Holding, the Bahamian Investment Fund, and the Yes Foundation, will invest up to US$250 million in the 12-month […]
Haiti publishes RFQ for grid modernisation and expansion
September 26, 2019
Haiti’s National Regulation Authority for Energy (ANARSE) has published its third RFQ in collaboration with Energy Cell MTPTC and EDH and with the support of USAID. This request for quotation (RFQ) concerns the country’s North East Grid. The grid will cover 10 cities and currently has 24,000 active customers and should power more than 55,000 customers. The duration […]
Solar panels installed on Costa Rican capital’s traffic lights
September 12, 2019
A solar PV installation was completed in the Greater Metropolitan Area of San José, Costa Rica. These works correspond to the last stage of the project to provide the 474 traffic light systems monitored at the Traffic Control Center with solar panels. In this fifth and final stage of the plan, a total of 132 […]
Haiti’s National Regulation Authority for Energy announces second RFQ
August 30, 2019
The National Regulation Authority for Energy (ANARSE) of Haiti has announced its second Request for Qualification (RFQ) for a grid modernisation project in collaboration with Energy Cell MTPTC and EDH, and with the support of USAID. Haiti’s government recently announced its new policy of privatising electricity grids, aiming to make its electricity system more efficient […]