AGP Executive Report
Last update: 4 hours agoGrenada Energy Shake-Up: The Dickon Mitchell government has terminated its oil and gas agreements with US-based Global Petroleum Group after 18 years with no commercial production, saying the firm failed to meet obligations; GPG has hit back, and the company has been given a week to rescind the decision. Electricity Relief: Grenlec customers get temporary cost help from 1 Aug–31 Dec 2026, including a $50 credit for eligible domestic users (1–200 kWh), VAT relief on the non-fuel electricity component, and removal of a 6% customs charge on diesel used for power generation. Renewables Funding Push: IRENA opened a call for renewable energy project proposals across Central America and the Caribbean, including Grenada, prioritizing submissions before Sept 1 and covering solar, wind, clean transport, green hydrogen, and even sargassum-linked energy. Hospitality Recognition: Spice Island Beach Resort president Janelle Hopkin received the NABHOOD Hank Thomas Trailblazer Award, highlighting leadership in Grenada’s tourism and hotel sector. Climate Conference Plan: UWI Global Campus will host an inaugural Climate Conference in Grenada (Apr 7–9, 2027), focusing on climate-smart resilience, innovation, and adaptation for the Caribbean. CBI Under EU Pressure: The EU has asked Grenada and four other Eastern Caribbean states to phase out citizenship-by-investment programmes by June 1, 2028, or risk losing Schengen visa-free access.
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