Electricity conference this week

The Caribbean Utility Company is hosting more than 100 chief executives and representatives from the electricity industry at a major annual conference next week.

The four-day Caribbean Electric Utility Service Corporation Chief Executive Conference will be held at the Marriott Beach Resort from 7-10 June.

‘This conference is the most prestigious of CARILEC’s conferences and I am very pleased that CUC has the opportunity to host this special anniversary event,’ said CUC President and Chief Executive Richard Hew.

‘I am sure that the business programme over the four days will be busy with enlightening presentations and discussions but we will also ensure that the over 100 delegates attending have the opportunity to explore our island and enjoy our famous Caymanian hospitality,’ he added.

CARILEC is an association of electric utilities, suppliers, manufactures and other stakeholders operating in the electricity industry in the Caribbean. It association plays a coordinating role in servicing members’ needs for training, research and information sharing and disaster recovery.

This year marks the 20th anniversary of the organisation.

This is the second time the conference is being held in Grand Cayman. The first time was in 1994, the same year CUC joined CARILEC.

The conference which normally attracts Caribbean Utility CEOs and top level executives from companies which do business with them from Europe, Latin America, and the US, will discuss issues impacting utilities across the Caribbean and, by extension, their customers – Caribbean people.

According to Nigel Hosein, the executive director of CARILEC, ‘A key issue which will be discussed in the meeting as well as in the formal sessions is, ‘Did high oil prices push the world to invest seriously in clean energy?’

He believes that the conference is an excellent forum for ensuring that utilities across the Caribbean stay the course for integrating renewable sources of energy as part of their supply despite the recent reprieve from skyrocketing oil prices.