Saint Lucia , Bahamas , Suriname , Panama and Barbados
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Caribbean, Central America power watch

Bnamericas Published: Tuesday, November 15, 2022

Canadian power company Emera’s capital investment for its Caribbean operations is forecast to reach US$240mn in 2023-25.

The Nova Scotia-based group, whose regional portfolio comprises Barbados Light & Power, Grand Bahama Power, St Lucia Electricity Services and Emera Caribbean Renewables, released the figure in its latest financials.

Much of Emera’s spend in the Caribbean has focused on more efficient and cleaner sources of generation, including renewables and battery storage. 

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IDB placed technical cooperation in its pipeline of possible financing to increase access to affordable, reliable, clean and sustainable electricity, potable water, and communication services in the hinterland of Suriname.

The development bank highlights that an estimated 10% or 62,000 of the country’s population lives in some 300 isolated villages.

The funds would help design energy, water and internet systems, and support the regulatory and institutional framework.

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Panama’s public services regulator Asep began consultation to determine the rate of return to be used in the calculation of the maximum allowed income of power distributors Edemet, Edechi and Ensa from July 1, 2022 to June 30, 2026.

The watchdog will accept comments on the proposal through November 30.

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