CARIF Market News - Page 20 of 28

Exploratory drilling starts for geothermal project in St. Vincent and the Grenadines
May 14, 2019
Icelandic firm representatives and St. Vincent and the Grenadines representatives met at a ceremony to mark the official commencement of the drilling for a geothermal project on the island. The National Geothermal Project will include four wells, which will provide between 10MW to 20MW of electricity generation. The drilling is expected to be completed by […]
Proposed law would enable Puerto Rico, USVI to build offshore wind
September 7, 2018
A bill that would enable U.S. territories to build offshore windfarms has been approved by the Committee on Natural Resources and moved to the full House of Representatives for consideration. All members of Congress representing U.S. territories have voiced their support for the bill. Tim Charters, of the National Ocean Industries Association (NOIA) called the […]
Montserrat advances port development project
August 28, 2018
Monserrat has embarked on the final step of the procurement process for a £21 million port development project. The Ministry of Communications, Works, Energy and Labour held a tender meeting for the five shortlisted companies who are bidding to supervise and provide and technical consultancy. Four companies attended the meeting, including IMC Worldwide Ltd (UK); Stantech […]
CDB adds Dominica to climate resilient roads initiative
August 16, 2018
The Caribbean Development Bank (CDB) has expanded its road transport project to include Dominica, following the devastation caused by Hurricane Maria last year. The project, which includes Guyana, Suriname, and now Dominica aims to provide road infrastructure that is resilient to natural hazards and climate change impacts. The CDB will conduct a study on approaches […]
Caribbean shifts attention to aviation sector
August 7, 2018
The Caribbean Development Bank (CDB) president, Dr. Warren Smith, is calling for a reform in the aviation industry in the region. The reform, he stated, should aim to improve the connectivity to be convenient, flexible and reasonably priced. The reform will demand a significant change in policies and actions by regional governments to reduce taxes […]
Taiwan to assist in building Haiti’s electricity grid
August 7, 2018
Taiwan will help Haiti build an electricity grid in Port-au-Prince. The project will strengthen its infrastructure development and secure diplomatic ties between the two nations. The project seeks to upgrade: (1) the existing electrical substations, (2) the electricity distribution networks and (3) the transmission towers. It also seeks to train local people on maintenance of […]
China’s Belt and Road Initiative could boost Caribbean infrastructure projects
August 7, 2018
Recently, China’s Belt and Road initiative – often described as a 21st century silk road – has made its entry into Latin America and the Caribbean. During the second China-CELAC ministerial forum, the two entities signed a special declaration on the belt and road, which led to four LAC countries signing Belt and Road Cooperation […]
EU to help Dominica build critical infrastructure, including geothermal
February 22, 2018
Hurricane-ravaged Dominica will receive EUR3.52 million (US$ 4.3 million) from the European Union to help the country rebuild its water infrastructure. This assistance is part of a larger package of EUR8.9 million (US$11 million) to rebuild Dominica following damage from Hurricane Irma. The EU is also assisting the government establish a legal framework for geothermal development. A […]
Solar warehouse opens in Puerto Rico
February 13, 2018
After two decades in Puerto Rico, solar company altE is now operating a local warehouse in Puerto Rico in an effort to reduce the time to deliver solar equipment to island residents and solar installers from weeks to sometimes only hours. The warehouse facility on the island allows altE to handle the shipping logistics and […]