AGP Executive Report
Last update: 8 hours agoGrenada Energy: The Government of Grenada has terminated its Development Licence and Production Sharing Agreement with Global Petroleum Group after 18 years without commercial production, citing the company’s failure to meet obligations. Electricity Relief: Grenlec says three temporary measures—$50 credit for eligible domestic users (1–200 kWh), VAT relief on the non-fuel electricity component (0%), and removal of a 6% customs charge on diesel for generation—run 1 Aug to 31 Dec 2026. Renewables Funding: IRENA opened a funding call for renewable energy projects across Central America and the Caribbean, including Grenada, prioritizing proposals before Sept 1. Carriacou Marine Dispute: Yacht owners at Tyrell Bay Marina report about 8 boats stuck after access to the launch area was blocked in a land dispute, with losses already above US$85,000. Cocoa Industry: Over 30 participants joined a 3-day post-harvest training at Belmont Estate to strengthen Grenada’s fine-flavour cocoa value chain. Climate Risk & Insurance: A Lloyd’s-backed study says many hurricane-exposed livelihoods in Grenada, Jamaica and Barbados remain uninsured, leaving farmers, fishers and tourism workers to replace losses themselves.
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