Minister for Communications and Works, Hon. Mark Vanterpool disclosed that the work on the Phase V development of the BVI Electricity Corporation, BVIEC, is moving ahead well and that consideration for the Phase VI stage of the development has been made.
Hon. Vanterpool made the disclosure on 6 July during the debate in the House of Assembly for a $35 million loan to finance the Corporation’s Phase V Development. Hon. Vanterpool disclosed that: “The project is about to go!” “BVIEC is about ready to do the excavation for the building to house the two new engine blocks; and they are providing space for a third engine block as the demand is expected to be there in the not too distant future. Phase VI of the Corporation’s development is already under review.”
On Monday 23 March, the promised Phase V of the BVI Electricity Corporation Power Development Plan commenced with a well attended ground-breaking ceremony at the Pockwood Pond Power Station.
The Minister announced that the Phase V Development Programme for the British Virgin Islands Electricity Corporation is a game-changer that Government should be commended for: “We are very excited and anxious to see the Corporation deliver Phase V. When you talk about Phase V, when you talk about $37 million, when you talk about this development, you are talking about adding $37m, close to $40m over the next 18 months or so, to the Gross Domestic Product or GDP of the Territory of the Virgin Islands.”
“This means that over the next 18 months, money will be spent here on jobs, on hope and a great future for the people of these Virgin Islands. In the next couple of weeks you will see hi Macs, bulldozers, trucks and so on moving dirt from this area to transport it elsewhere, providing work for the people of the Territory. Soon after that, you will see an addition to that building going up. More work for the people of the Virgin Islands.”
In December, it was announced the propane engines utilize approximately 66 percent of fuel consumption of the traditional diesel engines and are more environmentally friendly. Additionally, Phase V will increase the Territory’s power generation capacity by 13.6 MW or approximately 33 percent.