Caribbean Utilities Company announced Monday it had entered into an agreement to purchase a 16-megaWatt V48/60 medium-speed diesel generating unit and auxiliary equipment from the Germany-based MAN B&W Diesel AG.
This project will cost approximately US$24.3 million to complete.
The generating unit will be housed at CUC’s North Sound Plant and will be commissioned in summer 2009.
CUC President and CEO Richard Hew said the new generating capacity was needed to meet demand.
‘Residential and commercial development on Grand Cayman continues to grow at a steady pace,’ he said. ‘The addition of this capacity enables us to continue to serve our customers reliably.’
Mr. Hew said CUC’s alliance with MAN B&W Diesel has facilitated timely, efficient expansion and the longer term benefits of standardization of parts and service.
‘[This] allows us to minimize cost and maximize service reliability to our customers,’ he said.
CUC entered a 10-year strategic alliance agreement with MAN B&W in 1998 to design and install diesel generating units on a turnkey basis for the company. The strategic alliance provides CUC with ‘most preferred customer’ pricing as well as other advantages associated with improved design and construction.
CUC has so far installed three of MAN B&W’s 12.25 MW V48/60 medium-speed diesel generating units, a 16 megaWatt (MW) V48/60 medium-speed diesel generating unit and an 8.4 MW gas turbine unit since 2000.
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