The Barbados Light & Power Holdings Ltd. (LPH) has announced that it has signed letters of intent to acquire controlling interest in Dominica Electricity Services Ltd. (DOMLEC) from WRB Enterprises Inc. of Tampa, Florida, and its affiliated entities.
DOMLEC is the sole electric utility for the island of Dominica, serving 34,000 customers. WRB owns 52% of DOMLEC, with 21% held by Dominica Social Security Scheme and the remainder by other investors.
According to the joint release issued by the two companies, they are working to complete the transaction within a matter of weeks as they aim to have it finalised before the end of 2012
It is fair to say that Barbados is a global hotspot for renewable; energy certainly not in terms of the installed capacity but surely in terms of the environmental and economic conditions. The abundant sunshine that draws tourists from all over the world to the island and the increasing electricity prices that irritate householders and businesses alike create a combination that can only be found in very few places in the world. And it is extremely attractive for the generation of clean energy.
Bajan Services Ltd. announced it has launched a new brand Blue Sky Luxury which is dedicated solely to its well-established luxury holiday rentals business.
The new brand identity, which was designed by Barbadian Neil Barnard from 809 Designs cleverly incorporates the iconic logo of Bajan Services as well as representing the acronym for both brands. The phrase Blue Sky Luxury epitomises the universal ideal of the holiday experience and is the perfect expression for the brand as well as giving it the freedom to expand the portfolio beyond Barbadian shores.