Grenlec voluntarily started its Customer Renewable Energy Interconnection Programme to expand renewable energy generation and provide opportunities for customers who want to install renewable energy systems.
Launched in 2007 and the first of its kind in the English-speaking Caribbean, the Customer Renewable Energy Interconnection Programme now includes 117 customer-owned renewable energy sites with an aggregate installed capacity of 1.23 MWp. READ MORE
The Government of Grenada’s press release last week incorrectly states that the Grenlec Community Partnership Initiative (GCPI) has been funded as a direct “pass through” charge to Grenadian consumers. This is totally false.
To set the record straight: the GCPI has not, and has never been, funded by Grenadian consumers through electricity rates. In fact, the GCPI has been solely funded by Grenlec shareholders who annually contributed more than 5% of the Company’s pre-tax profits to charitable community organizations. If the Company had not donated this money, it would have made no difference whatsoever to electricity rates.
Grenlec is committed to providing our customers throughout Grenada, Carriacou and Petite Martinique with world-class electricity service. As a publicly traded company with numerous shareholders, we have a duty to set the record straight about issues related to our operations and our integrity.
Grenlec is strongly objecting to legislation proposed by the Government of Grenada requiring the Company to pay five percent (5%) of Grenlec’s pre-tax profits to a Government-controlled “Social Fund” controlled by the Minister and a Minister-appointed committee. If enacted, this new law will effectively eliminate the Grenlec Community Partnership Initiative (GCPI), which has invested more than $22 million in communities since 1994.
Grenlec was awarded the “Best Distributed Generation Project” award for its recent multi-site solar photovoltaic installations in Grenada. The award was one of seven new Caribbean Renewable Energy Forum (CREF) Project Awards that recognize excellence in project execution in the Caribbean.
CREF is the premier renewable energy conference of the Caribbean marketplace. The awards were announced on October 19, 2017 at the annual CREF conference in Miami, Fla.
As part of the 2017 Grenlec Community Partnership, the T.A. Marryshow College received a $150K for the upgrade and remodeling of its electrical training facility and lab for new workstations and equipment to help prepare students for their future careers. Read MoreWATCH THE VIDEO