LUCELECSt. Lucia Electricity Services
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In a statement, LUCELEC said that the outage had been caused by a major internal fault at one of its main power station, adding 'the fault tripped all of the generators, resulting in a total system shutdown.
The ratings on LUCELEC continue to reflect the company's monopoly position in Saint Lucia, healthy financial profile and favourable operating efficiency.
"We recently finalized a Term Sheet for the Power Purchase Agreement (PPA) with LUCELEC which contains all principal commercial terms under which power will be delivered," said Stephen Baker, CEO of Qualibou.
(Lucelec) that it had managed for its shareholder, CDC Group plc of the United Kingdom.