CARIF Market News - Page 23 of 29

Grenada road upgrades to be examined with CDB funded study
November 2, 2017
Grenada’s roads that link rural communities, cities, and ports are in need of improvement, and a $1.2 million grant will fund a feasibility study for required upgrades. The Board of Directors of the Caribbean Development Bank (CDB) approved a grant of £930,000 (US$1.2 million) to the government of Grenada, to prepare a feasibility study and […]
Jamaica’s health infrastructure overhaul makes progress
October 31, 2017
Jamaica’s healthcare infrastructure will be assessed over the next six months to ascertain improvements needed. The Minister of Health, Dr. the Hon. Christopher Tufton, said the assessment will determine what the needs are in terms of specialist care, additional beds and operating theatres, among other things. These improvements will benefit many facilities that will receive […]
Anguilla will expand and rebuild air and sea ports
October 4, 2017
Anguilla was decimated by Hurricane Irma, but plans to rebuild better are already in the works. While phone, internet, and electricity are being restored to the island, travel ports are getting an upgrade. The chief minister of Anguilla, Victor Banks, announced that plans are in place for the expansion of Anguilla’s Clayton J. Lloyd International […]
St. Lucian minister calls for increased resiliency of public infrastructure
September 13, 2017
Following a tour of the island after Hurricane Irma, St. Lucia’s Economic Development, Housing, and Transport minister, Guy Joseph, issues a call to revisit building codes for public infrastructure. “I think that in Saint Lucia, me for example, as Minister of Housing, if we are going to be engaged in the construction of public housing, […]
Dominican Republic identifies 1.8 GW of solar potential and looks to energy storage
July 14, 2017
The Dominican Republic has theoretically a solar potential of 50 gigawatts, according to a recent study by the International Renewable Energy Agency (IRENA). The executive director of the National Energy Commission (CNE), Juan Rodríguez Nina, has stated, however, that the real potential of the country can reach a maximum of 1.8 gigawatts. “This deviation between the […]
ExxonMobil, Eagle LNG Partners and Crowley sign LNG agreement
July 5, 2017
ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe, reliable LNG delivery for vessel operators bunkering in North America. The three companies signed a Memorandum […]
MPC Capital moves to region to expand investments in Caribbean basin
July 5, 2017
German asset and investment manager MPC Capital AG has launched a subsidiary in Panama with the goal of expanding its renewable energy activities throughout the Caribbean Basin region. Based in Panama City, Fernando Zuniga will serve as regional director for MPC Renewables Panama SA for Central America and the Caribbean. Most recently, the German company […]
Nassau’s Arawak Port receives $3m from IDB to install solar PV and efficiency upgrades
June 30, 2017
The Arawak Port in Nassau, Bahamas is set to have solar PV, LED lights, and other energy efficiency activities after signing a $3m loan from the Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank (IDB). The power generated from the solar PV system could exceed the power required for the […]
EU commits $2.5m to micro-utility Sigora Haiti
March 3, 2017
The European Commission‘s electrification financing initiative, ElectriFI, has made its first investment of US$2.5 million in clean energy micro-utility Sigora Haiti, supplying households, schools and small firms with electricity. ElectriFI received 290 proposals in response to its first call for investment in April 2016 before passing management of the €75 million fund on to the Association of European Development Finance […]