SOL St. Lucia Ltd (BVI) has been named to become the BVI Electricity Corporation’s (BVIEC) new supplier of No.2 diesel fuel for the purpose of producing electricity in the territory over the next two years.
This was confirmed by the BVIEC in a media release dated June 7, 2022, that said the Corporation received a bid from SOL St. Lucia Ltd (BVI) which was the lone company to respond to the recently published tender.
The BVIEC said, “On May 27, 2022, BVIEC received one bid for the supply of various petroleum products which was opened virtually on June 2, 2022. Present at the opening was the Board of Directors, senior management, the media, and the bidder SOL St. Lucia Ltd (BVI).”
The estimated value of the contract which is for the period 2022 to 2024 is $158,870,523.24.
The bulk of this sum will go towards the supply of No. 2 Diesel to the Henry Wilfred Smith Power Station in the amount of $156,159,360.
In addition, Sol will be contracted to supply lubricating oil to the main power station in the amount of $856,491.84 and will also be required to provide No. 2 Diesel fuel to the Anegada Power Station in the sum of $1,854,671.40.
The contract has not yet been awarded.
Backstory
This news follows the recent contract termination of Delta Petroleum Limited which was initially contracted as the main supplier to provide the BVIEC with No. 2 Diesel fuel until 2026.
After just five months of entering an agreement with the BVIEC, the Corporation disclosed that there was a communication breakdown by Delta after they failed to fulfill their contractual obligations.
Delta subsequently responded stating that their attempt to convince the BVIEC to resort to a cleaner option of fuel resulted in the termination of their contract after they failed to provide the No.2 Diesel Fuel as contractually obligated.