LUCELEC IMPROVING GENERATION CAPACITY

St. Lucia Electricity Services Limited (LUCELEC) has taken major steps to improve its generation capacity. In November the Company commissioned two new mobile generators at the Union Power Station with a combined capacity of 2.5 MW. And in December LUCELEC finalised a contract for the delivery and installation of a new 10 MW engine for Cul De Sac Power Station.

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CariCRIS REAFFIRMS LUCELEC’s SOUND CREDIT RATING

CariCRIS, the Caribbean regional credit rating agency, has reaffirmed a CariBBB rating for LUCELEC. The rating indicates that LUCELEC’s creditworthiness, is adequate. In a December 13 media release CariCRIS notes the ratings on LUCELEC “continue to reflect the company’s monopoly position in Saint Lucia, healthy financial profile and favourable operating efficiency.”

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