The BVI Electricity Corporation (BVIEC) has said that they have not been deliberately concealing information relating to its Fuel Supply Agreement with Delta Petroleum.
The BVIEC cleared the air in a recent statement following what they described as “misleading and disturbing statements which were publicly made.”
The Corporation said the rumoured statements made have the potential to cause “mass hysteria and unnecessary panic” and therefore sought to dispel the rumours.
The BVIEC disclosed that there was a communication breakdown by Delta after they failed to fulfill their contractual obligations.
“The truth of the matter is that since early April 2022, BVIEC has been vigorously attempting to obtain information from Delta Petroleum, concerning its ability to continue to fulﬁl its contractual obligations under the existing Fuel Supply Agreement, to supply the Corporation with No. 2 diesel fuel required for its operations, on an ongoing basis,” the BVIEC stated.
“Unfortunately, it was not until Friday, May 6, 2022, that BVIEC received formal notiﬁcation from Delta Petroleum of its inability to continue to source and supply the required fuel under the agreement,” the BVIEC further explained.
Procurement process commenced
The Electricity Corporation also said that they have already commenced the process to secure a new source for fuel, therefore replacing Delta Petroleum which was contracted until 2026.
“BVIEC wishes to reassure the public that it takes its corporate responsibilities very seriously and that it has swiftly taken steps to procure the necessary No. 2 diesel fuel for the continued production of electricity in the intervening period while we recommence our tendering process for the purpose of securing a reliable and constant source of supply of fuel for the production of electricity,” the Corporation stated.
Just last October, the BVIEC announced that Delta Petroleum Caribbean Ltd will be the main supplier of refined petroleum to their company after signing a contract to provide fuel to the Corporation until 2026.