NASSAU, BAHAMAS — A Bahamian consulting company and its US affiliate said their alternative fuel technology and funding proposal to Bahamas Power and Light (BPL) could deliver reductions in fuel costs upwards of 40 to 60 percent.
WMS Holdings Limited (WMS) said in a statement that it has proposed a superior alternative fuel technology and funding offer, in a comprehensive meeting presentation to the BPL board on February 18.
The company noted: “The offer provides 100 percent funding along with any other additional funding required under terms and conditions to be agreed.
“The offer also includes the proliferation of a modern total energy solution through the world’s most advanced fuel and energy-saving solutions for the Bahamas.”
WMS, headed by Wilfred Marvin Smith, represents American and European multinational corporations that finance and supply energy-efficient technology and natural gas liquids (NGL or CGL) for utility plants, private businesses, government facilities, hotels, transportation, homes and more.
The company and its affiliates are also offering to assist the government of The Bahamas and BPL with electrical transmission, advanced metering and power generation challenges.