FortisTCI Acquires Turks and Caicos Utilities Limited

CUSTOMER CARE 649-946-4313
Mar 13, 2013
FortisTCI announced today that it has acquired 100% shares of the Grand Turk based electricity company.
 
Providenciales, Turks and Caicos Islands (Friday, August 31, 2012) - FortisTCI (the Company) announced today that it has acquired 100% shares of the Grand Turk based electricity company, Turks & Caicos Utilities Limited (TCU). The purchase agreement was finalized yesterday.

TCU operates two diesel fired power plants that serve more than 2000 residential and commercial customers between Grand Turk and Salt Cay. Combined, both islands have a generating capacity of 9.2 megawatts ("MW") with a peak demand of 4.2 MW. TCU currently functions pursuant to a 50 year license that expires in 2036.