CGE Energy Inc (CGEI)

[Saving Grace]

$MKBY Caribbean Governors meeting yesterday.

They are opening their doors from being power grid locked to fossil fuels.

Highlights -

Notwithstanding the current reduced prices of fuel on the world market, we cannot assume that this condition is permanent. Mr. President: I do believe that with the IDB’s assistance, the drive to reduce the reliance on fossil fuels can be achieved.

As this gathering is regional in its composition and focus, I beg your indulgence to highlight our own energy reform initiative in relation to the major provider of electricity in the Bahamas, the state-owned Bahamas Electricity Corporation (BEC). I am happy to report that we are poised for a significant regime shift that will not only introduce private players to the production of electricity but expand the range of inputs to energy with a view to driving down costs for businesses and home consumers alike.

http://www.thebahamasweekly.com/publish/bis-news-updates/PM_Christie_opening_remarks_at_IDB_Caribbean_Governors_Meeting_in_Grand_Bahama40245.shtml

MKBY News from yesterday as well.

Collapsible blades not only ease delivery and maintenance, but also guarantee better security. WIND-e20® can automatically collapse its blades at the first sign of hurricane winds. This means it can survive in some of the windiest locations on the planet, including the Caribbean, where WIND-e20® technology will be used in the near future. Burtek Enterprises, a five-star military contractor, is CGE Energy’s strategic partner for the manufacturing of WIND-e20®.

http://cgeenergy.com/news/article/cge-energy-receives-notice-of-allowance-for-additional-wind-e20-wind-turbin