The BVI Electricity Corporation (BVIEC) will soon award major contracts for petroleum suppliers to provide the BVIEC with fuel and lubricating oil for the next five years.
BVIEC’s General Manager Leroy Abraham said the bids will be scrutinized during the next few weeks.
The electricity company’s present supplier for diesel fuel and petrol for its vehicle fleet is Delta Petroleum while SOL St Lucia Limited provides the lubricating products. They are both hoping to secure new contracts when their current contract expires on August 31.
Both companies submitted bids to the company at 8:45am on Wednesday, July 25.
SOL St Lucia Limited is proposing to provide fuel for the entire BVIEC vehicle fleet for $467,992. SOL is further proposing to supply lubricating oil to the BVIEC for $1,285,555, and diesel fuel for the Henry Wilfred Smith Power station on Tortola and the Anegada power station at a cost of $88,145,137.
On the other hand, Delta Petroleum has proposed to provide fuel for the BVIEC’s vehicle fleet for $481,415. To provide lubricating oil, the company provided two separate bids costs.
The company is proposing to provide either MobilGard oil for $922,259 or Castrol oil for $887,242. To supply of diesel fuel to the aforementioned power stations, Delta proposed a cost of $91,928,488.
According to BVIEC’s general manager, petroleum products are the single largest expense for the electricity company.
He said petroleum products are BVIEC’s largest expense because the BVI is fully reliant on fossil fuels.
“This [bidding process] is very significant and important to all of us; not just who produces the electricity, but all of us who are likewise users of electricity. So, [when considering bids], we look at cost, we look at whether the products meet our specifications and likewise the reputation of the bidders in being able to supply those products,” he said at BVIEC’s Long Bush location this morning.
Abraham, however, said the two bidders are capable of supplying the products as they have all done so in the past.
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