The Electricity Regulatory Authority (ERA) announces the cancellation of the 36MW solicitation for additional generating capacity scheduled for a commissioning date of July, 2014 commenced by the RFP dated March 23, 2012.

As a result of unavoidable and unforeseen delays, the timetable and various milestones provided for by the RFP cannot now be achieved. In the ERA’s view, the delays have had the regrettable result that it is left with no choice but to cancel the solicitation process.

For the reasons above, the Authority has therefore decided to exercise its powers pursuant to the Electricity Regulatory Law (2010 Revision) to cancel the general solicitation process.

It is envisaged that the Authority will be in a position to issue a new RFP document inviting proposals for firm power generating capacity for Grand Cayman in the near future.

The ERA wishes to assure the public that it, working together with CUC, will ensure that all necessary steps are taken to prevent any alteration to the provision of electricity to the islands.

For more information please visit the ERA website at www.caymanera.ky

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The Electricity Regulatory Authority (“ERA”) Announces Cancellation of 36 megawatt Capacity Expansion Solicitation

From CUC July 15, 2013

Grand Cayman, Cayman Islands- The Electricity Regulatory Authority (ERA) announced today that, in its view, as a result of unavoidable and unforeseen delays, the timetable and various milestones provided for in the previously initiated 36 megawatt (“MW”) capacity expansion solicitation cannot now be achieved and it has taken the decision to cancel the solicitation process.

The solicitation had sought 18 MW of additional capacity in 2014 driven primarily by the upcoming retirements of some of Caribbean Utilities Company, Ltd. (CUC) generating units and a further 18 MW for as late as 2017, with the timing dependent on growth in demand for electricity based on a Certificate of Need submitted by CUC in November 2011.

President and Chief Executive Officer, Richard Hew stated that, “CUC remains committed to providing a reliable electricity service to Grand Cayman.    The need for additional firm generating capacity remains and in light of the ERA’s decision to cancel the solicitation, we will explore all cost effective options with the ERA, including temporary generation solutions, to meet reserve margin requirements for the summer of 2014 and until those firm capacity needs can be met.”