April 18, 2012
Michael Moss
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BEC's $24.3m loss swing 'a shocker'
The Bahamas Electricity Corporation’s (BEC) net loss for the 2012 financial year represents a negative $24.3 million swing from internal projections, a former executive chairman describing this as “a shocker” and adding: “Something seems dreadfully amiss.”
Doubt cast on $300m BEC plan
THE Bahamas Electricity Corporation’s (BEC) former executive chairman has cast doubt on whether his successor will be able to raise the $300 million financing he is seeking, telling Tribune Business its balance sheet “cannot support any significant borrowing”.
BEC 'falls down tremendously' by no live repairs
The Bahamas Electricity Corporation (BEC) “falls down tremendously in applying best practices” because it does not carry out repair work on live lines, its former executive chairman questioning whether plans to introduce this by end-September had “died” with the general election.
'Historic' MOU to aid engineers' licensing
AN "historic" Memorandum of Understanding (MOU) to be signed this Friday will facilitate the licensing and international recognition/accreditation process for Bahamian engineers, the Professional Engineers Board's (PEB) chairman, Michael Moss, said yesterday.
BEC slashes accounts receivables by $14m
THE Bahamas Electricity Corporation (BEC) has cut its accounts receivables by $14 million over the past six months since September 2011 to a current $129 million, its executive chairman told Tribune Business yesterday.
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