CARIF Market News - Page 2 of 12

US$1 trillion energy investment coming to LAC

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

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

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

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

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

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

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 […]
Geothermal drilling contractor selected for Nevis geothermal project

Nevis Renewable Energy International, INC (NREI) announced today that it has selected Schlumberger Integrated Drilling Services to install the geothermal production and injection wells for the Nevis Geothermal Project. NREI is a subsidiary of Thermal Energy Partners, LLC, a U.S. based global geothermal energy development firm. The Nevis Geothermal Project is unique for […]
Haiti Announces RFQs & Confirms Delegation at CREF

The organizers of CREF are pleased to welcome Nicolas Darius Allien, responsible for the energy sector in the Haitian government, and Evenson Calixte, head of the national regulator, and other leading Haitian stakeholders to the CREF agenda in 2019. The Haiti delegation will walk CREF delegates through Haiti’s recently announced RFQs, as well as broader energy sector […]