Jamaica Energy Partners
has suffered a setback with its bid to provide increased electricity to Grand Cayman.
The company along with the Caribbean Utilities Company had submitted bids to produce an additional 32 megawatts of generating capacity.
However, the economic downturn has led the electricity regulator for Grand Cayman to abandon plans to build more power generators on the island.
In a letter to the two bidders dated September 24, Philip Thomas, Managing Director of the Electricity Regulatory Authority, said the board came to the unanimous decision to cancel plans as the downturn in the economy had reduced the demand for energy.
The Authority said when the situation improved it would conduct new solicitation and advertise internationally and locally for new bids.
The company along with the Caribbean Utilities Company had submitted bids to produce an additional 32 megawatts of generating capacity.
However, the economic downturn has led the electricity regulator for Grand Cayman to abandon plans to build more power generators on the island.
In a letter to the two bidders dated September 24, Philip Thomas, Managing Director of the Electricity Regulatory Authority, said the board came to the unanimous decision to cancel plans as the downturn in the economy had reduced the demand for energy.
The Authority said when the situation improved it would conduct new solicitation and advertise internationally and locally for new bids.