Business, News
on May 24, 2013
King: No quick fix to energy costs
THERE?ARE?NO efforts being made to stifle the growth of the alternative energy sector.
That’s according to Barbados Light and Power’s managing director, Mark King, who said there was no “silver bullet” or quick fix to lower ballooning energy costs and electricity bills of consumers.
Instead, King said “the renewable energy or sustainable energy approach must be a multi-faceted approach” consisting of photovoltaic systems (PV), wind and biomass “to ultimately establish a sustainable and secure source of energy for Barbados”.
King made the comments yesterday during one of the company’s Let’s Talk sessions with the media at its headquarters, Bay Street. (MM)