Financial Market Brief March 4 2016
Earlier this year, February 9, 2016, Bahamas Power and Light (BPL),formerly Bahamas Electricity Company Limited (BEC), signed a fiveyear Management Services Agreement with PowerSecure to provide management services for BPL for the next five years. Under the terms of the agreement, PowerSecure has committed to minimising the cost of electricity to consumers and providing a more reliable supply of energy. The management company also pledged to meet certain renewable energy targets and customer service initiatives for New Providence and the Family Islands. Given the deterioration in the generation, transmission and distribution of electricity in the Bahamas over the years it is imperative that the reforms planned for the sector, via the management company, stimulate the economy and boost the job market in the Bahamas. Weekly_Market_Recap_11-Mar-2016 Click here for full Weekly Market Recap

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