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.
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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