Who owns the energy in Trinidad & Tobago?

In 1994, it divested from its generation holdings on the larger island of Trinidad and now purchases energy from three Independent Power Producers (IPPs): the Power Generation Company of Trinidad and Tobago, which purchased the former T&TEC-operated plants and presently controls 1,386 megawatts (MW) of gas-fired capacity across

What is electricity generation in Trinidad & Tobago?

Electric Power Generation In Trinidad and Tobago (T&T), electricity generation primarily uses natural gas as the fuel source. The power generation technology used are simple cycle gas turbines and combine cycled gas turbines with heat recovery steam generators.

Does Trinidad & Tobago need energy subsidies?

Unlike many island nations, Trinidad and Tobago has significant oil and natural gas reserves and is a net exporter of these fuels. However, subsidies for domestic energy consumption have created a fiscal burden on the government that could be reduced through the expansion of alternative transportation fuels, energy eficiency, and renewable energy.

Who owns power generation in Trinidad & Tobago?

Power Generation Company of Trinidad and Tobago (POWERGEN) Ownership: In 1994, T&TEC divested its generation assets to POWERGEN, a company whose ownership structure at the time was led by T&TEC with a 51 percent shareholding, followed by Southern Electric International with 39 percent and Amoco with 10 percent.

Who owns Trinidad and Tobago Electric Company?

The Trinidad and Tobago Electric Company Limited was bought by a Canadian businessman in 1901. The company later came into being as the Trinidad and Tobago Electricity Commission (T&TEC) by virtue of the T&TEC Ordinance No. 42 of 1945.

How many independent power producers are there in Trinidad and Tobago?

The present electricity generation landscape in T&T comprises three Independent Power Producers (IPPs) providing bulk power with varying obligations and contracted capacities to Trinidad and Tobago Electricity Commission (T&TEC).