January 14, 2021
Deputy Prime Minister Desmond Bannister.
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Bahamas Power & Light (BPL) already has “a good indication” of the credit rating its upcoming $535m bond issue will receive, a Cabinet minister has revealed, as it makes moves on generation reform.
WORKS Minister Desmond Bannister wants former Bahamas Power & Light chairwoman Darnell Osborne to provide “strict proof” that he acted with malicious intent when he discussed her departure from BPL’s board in 2018, according to a defence filed in the Supreme Court last month.
DEPUTY Prime Minister Desmond Bannister yesterday dismissed the idea of him serving as “co-Prime Minister” if the Free National Movement is re-elected to office, noting Prime Minister Dr Hubert Minnis’ recent comments on the matter were made as a kind gesture towards him.
SEVERAL Cabinet ministers yesterday dismissed speculation that the Minnis administration is “falling apart” following Lanisha Rolle’s resignation, with one MP saying “not everyone is going to make the full five-year term”.
The deputy prime minister yesterday voiced optimism that Water & Sewerage customers are “prepared” for price increases as he hinted they will no longer receive their first 3,000 gallons for free.
DEPUTY Prime Minister Desmond Bannister, who is also Public Works Minister, has expressed concern over the protracted construction and some technical issues at the new $12m Holmes Rock Junior High School in West Grand Bahama.
Despite cries from environmentalists Bahamas Petroleum Company has pressed ahead with its oil excavation in Bahamian waters, confident its operations are covered by an iron-clad agreement which now leaves the Government and people of The Bahamas with no say.
A Cabinet minister has voiced optimism that Bahamas Power & Light's (BPL) initials will no longer be "a bad word" as it readies to break ground on its latest power plant once a $535m bond is placed.