Grenada regains majority shareholding in electricity provider – CARICOM Business

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Grenada’s light and power company monopoly, Grenlec, will continue to operate as a private company, although the government has repurchased the majority shares owned by WRB Enterprises.

Through a US$63M settlement, which is US$12 million less than an arbitration award, the government regained control of the 50% shareholding sold to WRB Enterprises in 1994.

Extract from CARICOM BUSINESS Vol 4 No 2

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Caricom-Business-8-January-2021

 

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