Company Profile

St. Lucia Electricity Services Limited (LUCELEC)

Get all the information about St. Lucia Electricity Services Limited (LUCELEC), a company operating mainly in the Electric Power sector. Connect with its key contacts, projects, shareholders, related news and more. The company has operations in Saint Lucia, which include Electric Power Distributor. Write to us at info@bnamericas.com or call us at +56 (2) 29410300 to schedule a demonstration of our platform.

Electric Power Distributor

Description:

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The St. Lucia Electricity Services Limited (LUCELEC) was established under the commercial code in 1964. LUCELEC was granted an exclusive license by Ordinance No. 27 of 1964, later replaced by the Electricity Supply Act No. 10 of 1994.

At its inception, LUCELEC was owned by three entities: the Government of Saint Lucia with 18.7% of the shares, Castries City Council with 28.2% of the shares, and the Commonwealth Development Corporation (CDC) with 53.1% of the shares. In 1994 LUCELEC went public. The current makeup of shareholders include: EMERA (St. Lucia) Limited (20%), First Citizens Bank Ltd. (20%), National Insurance Corporation (20%), Castries Constituencies Council (15.50%), Government of Saint Lucia (10.05%), and individual shareholders (14.45%). LUCELEC’s shares are traded on the Eastern Caribbean Securities Exchange.

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Key contacts

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