Hold on Barbados! DOMLEC acquisition under deep Scrutiny…

The agency charged with regulating electricity on the island has joined its voice in expressing concern over the manner in which it was informed of the acquisition of DOMLEC by a Barbadian company.

{IMAGE VIA - dominicanewsonline.com} Lance McCaskey – Executive Director of the Independent Regulatory Commission (IRC)

It has also requested what it described as ‘urgent information’ on the matter, according to Executive Director of the Independent Regulatory Commission (IRC), Lance McCaskey.

“We are in the same position with the Government,” he said a press conference on Thursday.

Earlier this week Dominica’s Prime Minister Roosevelt Skerrit described as ‘unacceptable’ the manner his government was informed of the acquisition of DOMLEC by Light and Power Holding Ltd (LPH) of Barbados from its present owner, the Florida-based WRB Enterprises Inc.

According to Skerrit, his government learnt of the transaction the same day a press briefing was released to the media… {For rest of the Story? Click HERE}

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