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Wednesday, October 5

Barbados electricity company acquires significant shares in St Lucia utility

| Antigua Observer Newspaper: "BRIDGETOWN, Barbados, CMC – The US-based Emera Inc. Tuesday announced that its wholly-owned subsidiary Emera Caribbean Limited has agreed to sell its 19.1 per cent interest in the St. Lucia Electricity Services Ltd (LUCELEC) to the Barbados-based Light & Power Holdings Ltd. (LPH) for US $25.8 million.
“This acquisition will allow for greater cooperation between two leading electric utilities in the Eastern Caribbean,” said Peter Williams, LPH managing director."


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