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AG: BPL needs 400MW in new generation plant
Bahamas Power & Light (BPL) needs more than 400 mega watts (MW) of new generation capacity to address a “dire” situation requiring between 60-80 percent of its existing plant to be replaced within five years.
‘Most of BPL Plant obsolete in 5 years’
ATTORNEY General Ryan Pinder said 60 per cent of Bahamas Power & Light’s plant in New Providence and 80 per cent of its plants in Family Islands must be replaced in the next five years as engines reach the end of their useful life, a transformation that will cost almost $300m.
Bowleg tables CARIFTA figures
YOUTH, Sports and Culture Minister Mario Bowleg tabled an unaudited financial statement about the 2023 CARIFA Games in the House of Assembly yesterday.
‘One-stop solution’ to BPL woes re-floated
A “quick one-stop solution” for The Bahamas’ energy crisis was yesterday re-floated by a local attorney who argued it could resolve cost, reliability and environmental woes “within months”.
BPL ‘shambles’: We pay now or pay later
The Bahamas Power & Light (BPL) “shambles” will only get worse the longer critical reforms are delayed, an ex-Chamber chairman is warning, as he added: “We pay now or we pay later.”
Pintard: PAC examining concerns over how govt spends, manages and processes funds
FREE National Movement leader Michael Pintard says the Public Accounts Committee (PAC) is examining several audits from the Office of the Auditor General under the administration of Prime Minister Philip "Brave" Davis, saying there are overwhelming concerns about how the government spends, manages, and processes funds.
Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot
A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.
‘Step aside for new generation to lead’
FORMER Deputy Prime Minister Brent Symonette urged Dr Hubert Minnis to “step aside” and let the new generation run the country.
Bowleg hits back on audit findings
YOUTH, Sports and Culture Minister Mario Bowleg said the government did not overspend on last year’s CARIFTA and Jubilee Games, which cost more than $7m than was allocated, according to audit reports from the Office of the Auditor General.
CARIFTA TV payment cut in half on contract breach
An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.
$7m overspend on sports events
BAHAMIAN taxpayers incurred an extra $7m bill to cover cost overruns for two much-hyped sporting events that were hosted last summer, the Government’s financial watchdog has revealed.
Pintard is not young generation
TWO weeks prior, the FNM and the nation at large witnessed two individuals whom I hold in high regard step up to vie for the position of leading our party into the upcoming general election.
Bannister: No safeguards in Electricity bill
FORMER Deputy Prime Minister and Minister of Works Desmond Bannister said the recently tabled Electricity Bill would empower the government to transfer Bahamas Power and Light (BPL) assets to subsidiary companies.
National Crime Intelligence Act to be amended for new technology
ATTORNEY General Ryan Pinder revealed at Thursday’s Senate meeting that the government plans to amend the National Crime Intelligence Act to improve the legislative framework related to the intelligence aspect of combatting crime in the country.
Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
Pintard: Spending watchdog to target multiple concerns
The Opposition’s leader yesterday said Parliament’s spending watchdog is seeking answers to a “range of issues” involving Bahamas Power & Light (BPL), sporting event cost overruns and a $250m IMF loan.
Multiple fiscal failures found in Bahamas Jubilee games audit
UNAUTHORISED vehicle purchases and salary increases, misuse of petty cash, and a failure to pay National Insurance Board (NIB) contributions are some of the fiscal shortcomings highlighted in the Office of the Auditor General’s examination of last year’s Bahamas Jubilee Games.
Lodge owner ‘can’t deal’ with BPL power outages
South Andros and Mangrove Cay residents yesterday urged the Government to “put their foot on BPL” after a 24-hour power outage knocked out all the area’s utilities and Internet service.
Energy bill opens door to BPL move
The Government yesterday unveiled a major overhaul of the country’s energy regulatory regime to provide a platform for rescuing Bahamas Power & Light (BPL) from its $1bn debt and investment hole.
Court awards almost $300k after company driver hit man
GOLF Stream Food Services Limited has been ordered to pay a man $221,000 in damages and $50,000 in costs after its driver struck him in 2016.
