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Stabroek News

Private sector should buy Mirant shares - Trinis
published: Wednesday | August 2, 2006

Port-of-Spain (Trinidad Express):

The south Trinidad Chamber of Industry and Commerce (STCIC) on Friday urged the Governments of Trinidad and Tobago, Jamaica and the Bahamas to ensure that the regional private sector is given the opportunity to invest in Mirant's sale of their shares in power generation and transmission in the Caribbean.

The STCIC said that it is advocating the creation of a common Caribbean energy policy, which would include increasing Caribbean equity participation in the energy sector as a major objective.

President of the STCIC, Rampersad Motilal in a release, stated: "The sale of Mirant shares in the power generation sector represents an opportunity for the Caribbean private-sector to get more involved in the energy sector.

"Regional governments should use their existing shareholder agreements and regulated industry status to make this potential opportunity available to the local private sector. Whether or not the Caribbean private sector is willing and able to invest remains to be seen, but the opportunity should certainly be explored."

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