There has been a lot of discussion about the company government has decided to partner with to build a Waste to Energy plant on 166 square mile Barbados. BU notes CAHILL ENERGY LIMITED does not have a Certificate of Good Standing available when an inquiry is done on the Guerney Registry website. There is also an alert the company has to be re-registered – as a result, the company profile will not contain any director or resident agent information – see CAHILL ENERGY LIMITED search .
The following is a snippet from the CAHILL ENERGY Barbados agreement:
Cahill Energy Barbados During the period when the agreement is effective, CEB enjoys exclusive processing right for the increments of waste in Barbados, and Cahill enjoys the exclusive right to develop WtE factories in Barbados Processing fee per ton charged by CAHILL ENERGY BARBADOS is subject to the type of waste material: For contract waste material consisting of municipal solid waste or commercial or industrial waste, the fee is $30/ton. For any kind of contract waste material consisting of tires, the fee is $50/ton. For contract material consisting of hazardous waste, the fee is $250/ton. If the average calorific value of the waste material is below the target value (12-‐ 14MJ/kg), the processing fees will increase by 5% to 14%.
GoB has agreed to provide for the project no less than 550 tons per day of contract waste material and no less than 900 tons per day of waste and biomass. It has also agreed to provide for the project no less than 450 tons per day of contract biomass and no less than 1000 tons per Cahill Energy Barbados During the period when the agreement is effective, CEB enjoys exclusive processing right for the increments of waste in Barbados, and Cahill enjoys the exclusive right to develop WtE factories in Barbados Processing fee per ton charged by CAHILL ENERGY BARBADOS is subject to the type of waste material: For contract waste material consisting of municipal solid waste or commercial or industrial waste, the fee is $30/ton.
For any kind of contract waste material consisting of tires, the fee is $50/ton. For contract material consisting of hazardous waste, the fee is $250/ton. If the average calorific value of the waste material is below the target value (12-‐ 14MJ/kg), the processing fees will increase by 5% to 14%. GoB has agreed to provide for the project no less than 550 tons per day of contract waste material and no less than 900 tons per day of waste and biomass. It has also agreed to provide for the project no less than 450 tons per day of contract biomass and no less than 1000 tons per
If any clause in the “Implementation Agreement” is not fulfilled by the GoB, and CEB chooses to terminate the “Implementation Agreement”, then CEB has the right (but not the obligation) to require the GoB to buy out the project. The price of such a buyout will be the sum of the total equity investment made in the project, the total unamortized debt, compensation for the loss of potential investment returns caused by the premature termination of the contract and other losses incurred.
Cahill Energy Barbados will suspend operation for a maximum of 35 days a year for maintenance. If the suspension period is shorter than 35 days, due to the fact that the seller is obliged to buy electricity from the project, extra revenue will be generated. When operation is to be suspended, the CEB must coordinate with BLPC, but CEB doesn’t have to obligation to provide alternative electricity during suspension. The CEB may also suspend operation due to other emergency maintenance needs.
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