AGP Executive Report
Last update: 8 hours agoGrenada Energy Contract Shake-Up: Grenada has terminated its oil and gas agreements with US-based Global Petroleum Group after 18 years without commercial production, with the government saying GPG failed to meet obligations and that the move was made lawfully and in the national interest. EU Mobility Pressure on CBI: The EU has given Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, and Saint Lucia until June 1, 2028 to phase out citizenship-by-investment programmes or risk losing Schengen visa-free access. Electricity Relief for Households: Grenlec will apply three temporary measures from Aug 1–Dec 31, 2026: a $50 credit for eligible domestic users (1–200 kWh), VAT relief on the non-fuel electricity component, and removal of a 6% customs service charge on diesel for power generation. Hospitality Recognition: Spice Island Beach Resort president Janelle Hopkin was honored with the NABHOOD Hank Thomas Trailblazer Award, highlighting leadership in Grenada’s tourism and hotel sector. Renewables Funding Call: IRENA opened a funding call for renewable energy projects across Central America and the Caribbean, including Grenada, prioritizing proposals before Sept 1.
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