The full impact of cheaper fuel purchased under the PetroCaribe agreement will not be reflected on consumers' electricity bills until January 2023. A release from St Vincent Electricity Services Limited (VINLEC) on November 4 said under the most recent PetroCaribe arrangement, fuel is being supplied to the Lowmans Bay Power Station at a discounted rate. "The Lowmans Bay plant accounts for approximately 55 - 60 per cent of the fuel …
Residents of St Vincent and the Grenadines (SVG), are expected to soon see some clear numbers about expected savings on electricity bills after deliberations are concluded by Petro Caribe SVG Ltd. Last weekend, a cargo ship, MV Inmaculada, travelled from Venezuela with 23,000 barrels of diesel, of which 17,000 barrels were discharged to the Petro Caribe facility at Lowmans Bay. The shipment is the first that has been made to …
A cargo ship has arrived at Lowmans Bay, St Vincent carrying 23,000 barrels of oil from Venezuela under the PetroCaribe Agreement. The MV Inmaculada arrived at the PetroCaribe dock early Saturday, October 22, and according to an official, discharging the fuel will take about two days to complete. This is the first shipment of oil to St Vincent and the Grenadines from Venezuela since the United States imposed economic sanctions …
PENSION REFORM is on the list of critical issues to be addressed by the Ralph Gonsalves administration if the National Insurance Services (NIS) is to be sustainable over the long-term. These comments were expressed by the Prime Minister during an interview with SEARCHLIGHT yesterday, Thursday October 6 on the Parametric Reform which he admits presents challenges for some Vincentians heading into retirement. He said it is unfortunate that some of …
by Christina Smith What was expected to be a comfortable and relaxing retirement period has turned into worry and frustration for a former employee of the St Vincent Electricity Services Limited (VINLEC). Winston Boyea, age 61, worked for 35 years at VINLEC as an Operator, after which he claims he was “forced to retire” when he reached his 60th birthday on May 16, 2021. The move has resulted in Boyea …