“BLPC is consistently ranked as one of the top-performing electric utilities in the Caribbean for efficiency, performance, and rate structure.”
.. Chris Huskilson, President of Emera Inc.
What will the Emera Inc share purchase mean to ordinary Bajans?
Emera Inc. is a Halifax, Nova Scotia based corporation with it’s main investments and holdings in electricity generation and pipelines in Canada, the USA and the Caribbean.
If you check out their website you’ll see that they also have interests in alternative energy companies including wind farms, hydrogen and tidal power generation.
38% of BLPC is a fair chunk of shares and Emera didn’t purchase them without expecting a good return on the investment. Let’s hope that any increased profit-taking from the pockets of ordinary Bajan consumers will be offset by the increased knowledge and technology that Emera brings to Barbados.
Frankly, if we could be assured that Emera’s participation means that every time we turned on a switch we would receive nice clean power with no computer & TV-killing spikes or surges – then we’re all for the Emera Inc. deal!