Cahill Energy to invest $240 million in Barbados WTE plant

Cahill Energy to invest $240 million in Barbados WTE plant

AlterNRG expected to supply plasma gasification technology.

March 17, 2014
REW Staff

Guernsey-based Cahill Energy has announced it signed an agreement with the Government of Barbados on March 15, 2014, to build and operate a waste-to-energy (WTE) plant on the Caribbean island. Established to finance, build, own and operate utility - scale WTE plants in key markets, Cahill Energy says it plans to utilize the most innovative technology available to transform all kinds of waste on Barbados into clean, renewable energy.

Cahill Energy expects to invest up to $240 million in the proposed plant which is set to be built in Vaucluse, St. Thomas, creating up to 650 skilled jobs, stimulating growth across the island and providing the Government of Barbados with hundreds of millions of dollars in estimated savings over the lifetime of the 30 year contract.

Clare Cowan, CEO of Cahill Energy, says, “Cahill Energy began exploring Waste to Energy in 2011 and our attention was directed towards the Caribbean by 7th Heaven Properties. While we recognize the country faces some short term challenges due to the impact of the global economic downturn, we believe the fundamentals are strong. We are therefore confident that this investment represents a phenomenal business opportunity for our investors and offers even greater benefits to the people of Barbados.”

Christopher P. Sinckler, minister of finance and economic affairs of Barbados, says, “This investment by Cahill Energy represents a ‘game changer’ for Barbados and truly belies any doubt that Barbados is still a preferred destination for solid, and impactful foreign direct investment.”

The plant will be designed to provide a leading edge, environmentally sound solution to two of Barbados’s most pressing challenges: waste management and energy security. Using plasma gasification technology (one of the most effective and environmentally friendly methods of waste treatment available), the plant will transform up to 650 metric tons of solid waste per day into clean, renewable energy.

The energy generated will provide a new domestic source of power for Barbados, reducing the island’s reliance on imported fossil fuel. The plant is expected to provide up to 25 percent of Barbados’s total energy needs and reduce the cost of energy substantially.

Denis S. Lowe, Barbados minister of environment, says, “Cahill Energy offers us a real solution to becoming energy independent, while at the same time reducing our massive oil import bill. Cahill Energy has brought a Waste to Energy option to the Government of Barbados that is far superior to any other we have examined. We believe that our country will be changed forever as a result.”

AlterNRG,Calgary, Alberta, owns 100 percent of Westinghouse Plasma Corp., a world leader in plasma gasification technology, which is expected to supply the plasma gasification technology.

Senator Darcy W. Boyce , minister of energy in the Office of the Prime Minister of Barbados , says, “This waste to energy project is a major step to put Barbados firmly on the way to its initial target of replacing by 2029, 29 percent of its oil based electricity by generation from renewable and alternative energy. Indeed, this project will help Barbados significantly to reach this target ten years earlier than planned.”

Pictured in photo from left to right: Edison Alleyne, permanent secretary in the Ministry of Environment; Margot Harvey, chairman, Sanitation Service Authority; Denis S. Lowe, Minister of Environment; Clare Cowan, CEO of Cahill Energy; Christopher P. Sinckler, minister of finance and economic affairs; Denis St. E. Kellman, minister of housing, lands and rural development; Darcy W. Boyce, minister of energy in the office of the prime minister.