CUC in talks with OTEC for new electrical plant

September 15, 2015—The Caribbean Utilities Company (CUC) has confirmed that it is currently in talks to potentially enter into a power purchase agreement with Cayman Oceanic Thermal Energy Conversion(OTEC) International Ltd, a privately financed developer of hydrothermal systems to provide the country with a sustainable energy source.

Cayman OTEC plans to initially produce 6.25 MW, which is free of carbon emissions and could power at least 5,000 homes on Grand Cayman, with a goal of eventually providing 25 per cent or more of Grand Cayman’s energy needs.  Additionally, Cayman OTEC’s project would annually displace the need for CUC’s diesel generators to use nearly three million gallons of diesel. Read more on Cayman Reporter…

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