Bahamas Government Moves to Acquire Grand Bahama Power Company - CNW Network

Bahamas Government moves to acquire Grand Bahama Power Company - CNW Network

The Bahamas Prime Minister Philip Davis on Tuesday announced a major government move to acquire all outstanding shares of the Grand Bahama Power Company through a special purpose vehicle, in a bid to reduce electricity costs and strengthen the island’s role in the national energy strategy. Speaking at the announcement, Davis said the acquisition is being carried out through the Grand Bahama Electricity Company and is financed by a loan from Sta…

Prime Minister Philip Davis's Remarks at the Grand Bahama Power Company Announcement

Friends, From the very beginning, I said Grand Bahama needs the right partners, the magic must return to this island, and the people of Grand Bahama must sit inside the national vision for The Bahamas. Grand Bahama is near and dear to my heart. You have had more than your fair share of storms, setbacks, […] The post Prime Minister Philip Davis’s Remarks at the Grand Bahama Power Company Announcement appeared first on Office of the Prime Minister.