Dart and CBPL silent over potential sale

| 13/01/2021 | 36 Comments
Cayman News Service
Cayman Brac Power and Light office in Stake Bay

(CNS): Officials from the Dart Group have neither confirmed nor denied rumours that have emerged on social media that the islands’ largest property developer is buying the Cayman Brac Power and Light Company. In response to questions from CNS, a communications manager from Dart said they would not comment on any potential business deal.

“As one of the largest investors in the Cayman Islands, Dart is regularly approached with business opportunities. It is not our practice to comment on discussions,” the communication manager said in an email.

Meanwhile, Jonathan Tibbetts, the general manager of the small power company, also said he had no comment when asked about the sale.

The company was established in the 1950s as a cooperative between the people of the Sister Islands and is the exclusive power provider to residents and business on Cayman Brac and Little Cayman.

CBPL has a Facebook page but no website indicating its customer numbers, but and according to the limited information on the OfReg website, the company’s licence to provide power expired in 2018. There is almost no information publicly available about the company, though Deputy Premier Moses Kirkconnell, who is the representative for Cayman Brac West and Little Cayman, is the managing director and a major shareholder.


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Category: Business, utilities

Comments (36)

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  1. Anonymous says:

    this is great. Dart will eventually compete with CUC.

    And there isn’t a thing CUC can do. They stymied him the last time. Well he’s figured away around it.

    good. I estimate 5 years and CUC will have competition. How hard is it to supply electricity from the brac to gc.

    • Anonymous says:

      “How hard is it to supply electricity from the brac to gc.” – Oh, the humour of my people makes me laugh and cry.

  2. Anonymous says:

    I don’t know which is more puzzling: that the Register of Interests hasn’t been updated since 2014; or that even back then, there were so many our of current MLAs falsely redacting their various holdings – and were still allowed to carry on in-office, and stand for re-election again in 2017, and again in 2021…

    https://cnslibrary.com/wp-content/uploads/Cayman-Islands-MLA-Register-of-Interests-March-2014.pdf

  3. Anonymous says:

    Does OfReg know what OfReg does?

  4. Anonymous says:

    Great news. Dart makes things work right. But no freebies, vote buying, or entitlements which is why the island natives don’t trust him.

    • Anonymous says:

      “Dart makes things work right” <— have you seen the old Hyatt?

      • Anonymous says:

        LMAO you pick ONE building that is unfinished because of other matters that has been reported to be negative about when there’s literally 4983028 other nicer, very functional Dart projects that people use every single day and many more on the way that aid and help the community.

        Lol… Talk about the glass being half empty for you. Negative Nancy.

        • Anonymous says:

          Kranky Karen more like.

        • Anonymous says:

          LOL

        • Anonymous says:

          WOW, having not heard from the DARTBOTS Army for a very long time I was beginning to think they had died from COVID-19!!

          DARTBOTS even survived COVID-19, Alden and Mac will now be sure they all get the vaccine by a special visit by HSA to his home!

          They need his money for the political vote buying in preparation for the election in May.

      • Anonymous says:

        9:05 Pat yourself on the back you found a wrong!

      • Par None says:

        The old Hyatt buildings remain derelict for a very specific reason.

  5. Anonymous says:

    It is a well run, well equipped operation. Any smart investor should be interested.

    • Anonymous says:

      I doubt Moses is cash poor, if it is profitable in it’s current state, there is no reason for him (and/or others) to sell.

      • Anonymous says:

        Yeah, take his 200k salary times 8 years plus the under-the-table vouchers. I am no math expert, but …oink oink.

  6. Kman says:

    Holy Moses working his miracles again 🤑,port was rejected so now he’s selling everything he can. The man needs to get some ethics about him but greed is a terrible disease.

  7. Anonymous says:

    Rumour has it that Dart is interested in replacing the current diesel generation system with solar and wind technologies supplemented by state of the art battery storage. If that is the case then I am one Caymanian that is all for it.

    • Anonymous says:

      DART is not an environmental philanthropy organization. As if to underscore how little they care, and about anything environmental, there is another “beach cleanup” scheduled this Saturday to spruce-up their private Barkers property portfolio. They have not dedicated this land for public use under the Registered Land Law, and are content to let the wooly-eyed public fantasize that these are natural state Crown-held lands. The fact is they aren’t anymore, and we need to be much more aware of what they own, and where – and compel them to hire the necessary estate managers, foremen, and crews, required to maintain their portfolio to the standard prescribed in the Law.

      • Anonymous says:

        Are you daft? Dart is the man. He runs things like he wants,,,,,, because he either owns them or is buying them. Just keep in mind, though that he has no place for you in his businesses. Money and power are the only things that count. Ask anyone who has tried to deal with him. DART IS RUNNING THIS SHOW!

    • Anonymous says:

      That’s actually the way it will go regardless of who owns it due to the fact that renewables have/are eclipsing dirty sources of energy.

    • Hubert says:

      Due to the size of Cayman Brac, solar and wind technologies will work there. I wish Dart the best of luck if that is their intention.

  8. Anonymous says:

    Well that certainly seals the deal on me being interested in buying land over in the sister islands. Nope. Cayman has been sold by our own nonetheless.

  9. Lomart says:

    The less they say, the more we know!! If there was nothing going on, Jonathan would certainly have said that. DONE DEAL.

  10. Anonymous says:

    This sale should not be allowed by OfReg. Period. EOM

  11. Anonymous says:

    Great my shares are for sale!! I haven’t seen dividends in year.

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