CARIF Market News - Page 26 of 33

New Fortress Energy strikes new partnership to deliver LNG
November 22, 2017
Fourth quarter financial reports disclose that as of September 2017, Cargo Handlers Limited entered into an agreement with liquefied natural gas provider New Fortress Energy (NFE). Based in Montego Bay, Cargo Handlers provides stevedoring and petroleum haulage services. Essentially, Cargo Handlers has become a transportation provider of New Fortress Energy for the delivery of LNG, said […]
BMR Energy to build solar PV for Jamaican sugar industry
November 8, 2017
An important partnership has formed between a leading regional solar developer and Jamaica’s sugar industry. Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda, made the announcement at the signing of a Memorandum of Understanding between SCJ Holdings Ltd and BMR Energy LLC. The Monymusk sugar factory in Clarendon, Jamaica will get a solar upgrade […]
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 […]