As part of the Caribbean Utilities Company’s study of renewable energy options for Cayman, the company will host a second round of workshops Wednesday to update the public and industry watchers on its progress.
CUC, along with consultant Pace Global, is drafting a 30-year plan for power generation on Grand Cayman. At the first meeting in August, consultants presented information on the process for figuring out the best renewable energy options for the island.
CUC spokesman Neil Murray said Wednesday’s presentation will follow up on what the consultants laid out in the August meeting, including the visits to various portfolios and analyzing the possible scenarios for renewable energy, like wind or solar, in Cayman.
“Each phase will have a meeting,” he said, to update the public and stakeholders on the progress of the strategic planning study.
In an earlier statement to the press, CUC Vice President Sacha Tibbetts said, “As a utility, we have to plan for the long term to ensure reliability of service and the sustainability of the country’s electrical system. This IRP study will position the company to better understand the needs of the community we serve and at the same time ensure that CUC has the right energy resource mix for the future.”
CUC will host two meetings Wednesday at the Marriott, with the same presentation given at noon and at 6 p.m.
In a press release stating the company’s third-quarter results, CUC notes that work continues on a 5 MW solar power project in Bodden Town. The company said that the developer of the project is behind schedule, and that the project is now expected to be completed in the second quarter of 2017. Peak power usage on Grand Cayman in 2016 set a record of more than 103 MW in July, the company reported.
The quarterly release highlights the strategic planning study for investors in the Canadian-listed company.
“The study analyses all energy resources that are viable and considers their cost, reliability, environmental impact and other aspects, and provides a recommended portfolio of energy resources for the market. The Company’s goal is to ensure that all energy options are explored before decisions are made on what the grid can accommodate in a safe, reliable and efficient manner.”