Concerns have been raised over conflicts of interest for Grand Cayman’s monopoly utility company CUC as the island attempts to accelerate its transition to renewable energy.

The Ombudsman – Cayman’s public sector complaints watchdog – has flagged potential challenges with the bid process for large-scale solar projects.

“It appears that one bidder (CUC), which already holds a monopoly position in terms of the sale of electricity, is co-designing the specifications of the request for proposal for an upcoming bidding process, in which they, themselves, will be an interested party,” Ombudsman Sharon Roulstone wrote in a hearing decision on a related freedom of information dispute.

“In my mind, this has the appearance of a conflict of interest.”

https://www.caymancompass.com/2024/02/13/conflict-of-interest-concern-over-cucs-renewable-energy-bid-links/