JAMAICAN GEOGRAPHER TO CREATE GEOTHERMAL ENERGY PLANT—01/26/13
Krishna Vaswani, a Jamaican geographer and businessman, is looking to raise US$4 million to finance the creation of a 15MW clean-energy facility based on geothermal energy, or heat from under the ground. The project will cost US$15 million in total, with the $4 million to be raised through equity. The remaining amount would be debt. The developer wants to exchange a 35-percent stake in the project for the equity.
ANTIGUA GOES ROGUE, ALLOWS DOWNLOADS OF MOVIES AND SOFTWARE—01/28/13
The island of Antigua in the Caribbean may soon make it easier for people to download copyrighted movies, music and software over the Internet. The island is set to host servers that will allow users to make these downloads as what has been characterized as “revenge” for a trade blockade imposed by the United States. The Antiguan government will sponsor a website that sells movies, music and software without paying U.S. copyright holders because the U.S. will not lift a trade embargo that prevents the island from offering Internet gambling services.
CARIBBEAN ISLANDS GIVE RF COMMUNICATIONS CONTRACT WORTH $31 MILLION—01/29/13
RF Communications of Rochester has been awarded a $31 million contract to provide a radio system for the police in Trinidad and Tobago that will allow police, military, law enforcement agencies, and government authorities to use a single system to communicate with each other. The firm will replace current hybrid systems of public safety communications on both islands.
WIND ENERGY TECHNOLOGY USED BY JAMAICA’S FARMERS—01/31/13
Jamaican winds may be powering turbines made in Nova Scotia to provide farmers with a source of green energy. According to Bruce Thompson, wind energy project developer working with Seaforth Energy of Dartmouth, is confident that the project in Jamaica will result in millions of dollars in sales for the firm. The company has a memorandum of understanding with the Jamaica Agricultural Society that could provide island farmers with clean electricity via its AOC 15/50 wind turbines at a cost of $340,000 each.