BVIEC inks multimillion-dollar fuel deal with SOL | Delta loses contract after 14 years
From left: BVIEC’s Deputy General Manager Henry Creque is photographed beside General Manager Leroy Abraham and BVIEC Chairman Ron Potter who shakes hands with Rufino Lin of fuel company, SOL.
SOL St Lucia Limited has been awarded a multimillion-dollar contract to supply fuel to the territory’s main power station on Tortola for the next three years. That station powers roughly a dozen islands in the territory, except Anegada.
The contract, which is valued between $35 million and $40 million, was officially signed at the BVI Electricity Corporation’s (BVIEC) Long Bush location on Thursday.
“What SOL did right was to present a very attractive cost in relation to the cost of the fuel,” said General Manager at BVIEC, Leroy Abraham.
He described the bid from SOL’s local competitor, Delta Petroleum, as something that was ‘not as attractive’. Before losing to SOL on Thursday, Delta held the contract for the last 14 years.
Smaller contract
Though losing that major multimillion-dollar contract, Delta Petroleum was awarded a smaller contract to provide diesel fuel for the independent BVIEC power station on Anegada.
That smaller contract also requires Delta dispose of waste oil, and provide gasoline and crude oil for the BVIEC’s vehicle fleet. The company proposed to provide fuel for the entire BVIEC vehicle fleet for $481,415.
Meanwhile, Delta had also given two separate costs to provide lubricating oil to the BVIEC. The petroleum company is proposing to provide either MobilGard oil for $922,259 or Castrol oil for $887,242.
The BVIEC will disclose if decided to use the MobilGard oil or Caster oil from Delta on Friday when their contract signing takes place.
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Are these guys sure they know what they are doing, because based on comments made elsewhere locals do not have the brain power for these big responsibilities. They must always rely on the white expat to handle their business for them
BVIEC doing the most instead of paying the workers they owe for the recovery in VG.
Walwyn and NDP giving our vital services away…Thanks NDP. We must really owe St. Lucia a lot of money.
Where in the BVI can you get this amount of fuel to supply BVI Electricity?
Is there some refinery in Nature’s little secret.
its a company supplying gas, fool!! st.lucia has no petrolium supply…its a company with its headquarters in st.lucia…what an ignoramus..
So this the reason why delta endorsing the VIP candidate for the 5th??
could have gotten cheaper rates in Trinidad or Panama though?
Even with the new St Lucia arrangement, will the consumers of the territory see a reduction in their electricity bill?
We the paying public are thinking that the exchange rate between SOL ST Lucia Limited and BVIEC should result in less expensive cost to the company which will them be fairly passed on to the consumers.
Hoping for some relief in the coming year. To much high prices stress stressing everybody.
St luciabvi
Still no deal on solar despite government receiving offers for us to supply our own cheaper cleaner electricity from our roofs and from wind….