Caribbean Utilities Company, Ltd. Class A Ordinary Shares are listed for trading in United States Funds on the Toronto Stock ...
August 26 2011 - 3:20PM
PR Newswire (Canada)
GRAND CAYMAN, Cayman Islands, Aug. 26, 2011 /CNW/ -- CUC Invites
Proposals for Renewable Energy Generation Facilities GRAND CAYMAN,
Cayman Islands, Aug. 26, 2011 /CNW/ - Caribbean Utilities Company,
Ltd. ("CUC" or "the Company") is inviting interested parties to
submit an Expression of Interest and Preliminary Proposal for the
financing, construction, ownership and operation of Renewable
Energy Generation Facilities. It is the Company's intention to
accept up to 13 megawatts ("MW") in total of grid-connected
renewable energy generators on Grand Cayman under this invitation.
CUC has been monitoring the status of several alternative
technologies for over a decade. Historically the cost of
these technologies has prohibited adoption, however with current
high oil prices and advancement in renewable energy generation
technologies, CUC believes that there are vendors in the market
that can provide utility scale projects that may provide a life
cycle cost savings to the consumer. Renewable energy could
provide several benefits to the Cayman Islands, including lower
emissions, price stability, and perhaps lower cost. CUC is hoping
to identify viable Renewable Energy projects by the end of 2011. A
copy of the Request for Expressions of Interest is available on the
Company's website at www.cuc-cayman.com and can be accessed at the
link below. Expressions of interest should be directed to Sacha
Tibbetts, Manager Engineering Services.
http://files.newswire.ca/520/CUC_Expressions_of_Interest.pdf CUC
provides electricity to Grand Cayman, Cayman Islands, under a
non-exclusive Electricity Generation Licence expiring in 2029 and
an exclusive Electricity Transmission and Distribution Licence
expiring in 2028. Further information is available at
www.cuc-cayman.com. Caribbean Utilities Company, Ltd. ("CUC" or
"the Company"), on occasion, includes forward-looking statements in
its media releases, Canadian securities regulatory authorities
filings, shareholder reports and other communications.
Forward-looking statements include statements that are predictive
in nature, depend upon future events or conditions, or include
words such as "expects", "anticipates", "plan", "believes",
"estimates", "intends", "targets", "projects", "forecasts",
"schedule", or negative versions thereof and other similar
expressions, or future or conditional verbs such as "may", "will",
"should", "would" and "could". Forward-looking statements are
based on underlying assumptions and management's beliefs, estimates
and opinions, and are subject to certain risks and uncertainties
surrounding future expectations generally that may cause actual
results to vary from plans, targets and estimates. Such risks and
uncertainties include but are not limited to operational, general
economic, market and business conditions, regulatory developments
and weather conditions. CUC cautions readers that actual results
may vary significantly from those expected should certain risks or
uncertainties materialize or should underlying assumptions prove
incorrect. Forward-looking statements are provided for the
purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise except as
required by law. To view this news release in HTML formatting,
please use the following URL:
http://www.newswire.ca/en/releases/archive/August2011/26/c6591.html
p bClair/bbe Stafford/bbr/ bCorporate Compliance Officer/bbr/
Caribbean Utilities Company, Ltd.br/ Phone: 345-914-1201 /p
Copyright
Caribbean Utilities (TSX:CUP.U)
Historical Stock Chart
From Jun 2024 to Jul 2024
Caribbean Utilities (TSX:CUP.U)
Historical Stock Chart
From Jul 2023 to Jul 2024