Prime Minister Skerrit Reveals DOMLEC Purchase Price
The Government of Dominica acquired majority shares of the Dominica Electricity Services Company (DOMLEC) at a cost of EC$13.5 million, Prime Minister, Hon. Roosevelt Skerrit announced on Monday.
On March 31, 2022, the Government of Dominica purchased 51.9 percent of DOMLEC’s shares from Emera Inc.
In his address, the Prime Minister also announced that a new transmission network is being built to relieve pressure on DOMLEC’s network, and provide resilience to DOMLEC’s electricity network.
He went on to note, government has urged the Independent Regulatory Commission (the IRC) to accelerate its review on the electricity tariffs in order to allow Dominicans to experience a reduction in the electricity rates.
