Bahamas bribery claim puts spotlight on current board members & cabinet
NASSAU, The Bahamas--Last month's revelation that Alstom SA, a French power and transportation company, had paid a bribe to secure a lucrative power contract with Bahamas Electricity Corporation (BEC) has prompted new questions over a greatly delayed process still underway to grant a management contract for BEC to one of several bidders.
The bidders, who at one time included PowerSecure International, a publicly traded US company; InterEnergy Holdings, a power company in the Caribbean and Latin America; China Construction, a Chinese state-owned company; Malaysian conglomerate Genting Group; and Caribbean Power Partners, have now been reduced to three: PowerSecure, InterEnergy and China Construction.
PowerSecure is reported to be the front runner in the award process after heavy lobbying by the US State Department on its behalf Read more
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