Nearly three years after the country was crippled by two consecutive days of island-wide power outages, Barbados Light & Power Company Limited (BL&P) says it is focused on delivering a more reliable service. This was specifically in relation to the generation of power and the way it was transmitted and distributed, BL&P director of asset management Rohan Seale testified at the Fair Trading Commission (FTC) hearing considering the company’s application …
The Fair Trading Commission (FTC) has denied a Barbados Light & Power Co. Ltd (BL&P) proposal which would have assured the utility company of a higher financial return on investments in its electricity generation plant. In a March 25 decision on BL&P’s Application For A Review Of Depreciation Rates And Approval Of The Depreciation Policy, the regulator approved three of four areas requested, including the value of the transmission and …