{"id":38634,"date":"2013-08-23T08:46:16","date_gmt":"2013-08-23T12:46:16","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=38634"},"modified":"2013-08-23T08:46:16","modified_gmt":"2013-08-23T12:46:16","slug":"as-much-power-as-you-can-hope-for","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/08\/as-much-power-as-you-can-hope-for","title":{"rendered":"&#8216;As Much Power As You Can Hope For&#8217;"},"content":{"rendered":"<p><a href=\"https:\/\/www.bahamasb2b.com\/news\/2013\/08\/as-much-power-as-you-can-hope-for-38634.html\/power\" rel=\"attachment wp-att-38638\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-38638\" title=\"power\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/power.jpg\" alt=\"\" width=\"500\" height=\"375\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/power.jpg 500w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/power-150x112.jpg 150w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/power-250x187.jpg 250w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>A $500 million alternative energy project pledged that its sea turbines could \u201cgenerate as much power as this country could ever hope for\u201d, and at rates 50 per cent below the Bahamas Electricity Corporation\u2019s (BEC) existing tariffs.<\/p>\n<p>Nathaniel Edgecombe, president and chief executive of American Middle East Engineers (AMEE International), said his proposed joint venture with a UK-based renewable energy provider could ultimately realise between $500-$600 million in annual cost savings for the Bahamas.<\/p>\n<p>This, he explained, would be derived from the project\u2019s use of tidal\/current power to generate electricity through turbines located on the ocean bed, thereby totally eliminating BEC\u2019s existing $300-$400 million annual fuel import bill.<\/p>\n<p>Apart from meeting the Bahamas\u2019 immediate need for an additional 100 Mega Watts (MW) of generation capacity, and another 50-100 MW for the Family Islands, Mr Edgecombe said the project could ultimately be \u2018scaled up\u2019 to produce 400 MW.<\/p>\n<p>This would provide 100 per cent coverage for the Bahamas\u2019 short and medium-term energy needs, he added, telling Tribune Business: \u201cThe initial annual savings would be a minimum $400 million.\u201d<\/p>\n<p>Adding that these savings could eventually rise to $500-$600 million, Mr Edgecombe described these estimates as \u201cvery much on the conservative side\u201d.<\/p>\n<p>\u201cRight now, they [BEC] are shelling out between $30-$40 million a month for fuel,\u201d he told Tribune Business. \u201cOn that side alone, you\u2019re looking at potentially $480 million [in savings].<\/p>\n<p>\u201cThey would also not have to spend at least another $100 million in terms of expensive, mechanical parts to service the old, outdated fossil fuel engines. The labour costs attached to that also run into the millions of dollars.\u201d<\/p>\n<p><em><span style=\"color: #888888;\">By Neil Hartnell<\/span><\/em><br \/>\n<em><span style=\"color: #888888;\">Tribune Business Editor<\/span><\/em><\/p>\n<p><a href=\"http:\/\/www.tribune242.com\/news\/2013\/aug\/22\/projects-pledge-as-much-power-as-you-can-hope-for\/\" target=\"_blank\">Read More at The Tribune<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A $500 million alternative energy project pledged that its sea turbines could \u201cgenerate as much power as this country could ever hope for\u201d, and at rates 50 per cent below the Bahamas Electricity Corporation\u2019s (BEC) existing tariffs.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[15],"tags":[],"class_list":["post-38634","post","type-post","status-publish","format-standard","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/38634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=38634"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/38634\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=38634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=38634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=38634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}