Privatization Of The Power Utility In The Bahamas. "Bec Should By Privatized. (External Sources Are Cited)

2522 words - 10 pages

Abrupt power outages that lasts for hours and hours, damaged electronic goods and appliances due to constant power surges and irate local folk that perhaps would not prefer to bear the blazing heat during the hot summer nights; these are all adverse effects imposed on innocent electricity consumers due to apparent deficiencies and inefficiencies at the publicly owned power utility in The Bahamas. Energy privatization has been part and parcel of a recent world trend that has placed greater reliance on market forces and less dependence on government in the allocation of resources. The Bahamas Electricity Corporation should be privatized because it will increase work efficiency, introduce much needed competition, and attract foreign investment capital to sustain the growing power requirements of the Bahamian population.Privatization, in its broadest sense, is the transfer of assets or services from the tax supported and politicized public sector to the entrepreneurial initiative and competitive markets of the private sector (Reed, 1). According to the Oxford English Dictionary, privatization is the transfer of a business or industry from public to private ownership. In either case privatization would be a universal solution with the many problems common to BEC.The evident inefficiencies in the administration of BEC have no doubt led to serious deficiencies in the public service that they provide. Almost on regular basis electricity consumers have to contend with intermittent electricity supplies that sometimes cause damage to very expensive electrical products. Indeed, there has to be some management problems associated with this equation. In a newspaper article aptly titled, "Seven power cuts within 24 hours...," Member of Parliament, Mr. Brent Symonette was reported expressing indignation over BEC's inefficiency during a meeting of the House of Assembly. He also stated that the electricity supply to his home on the Eastern Road was disconnected seven times in one day (McKenzie, 1). Certainly if an MP is raising this issue in the House, there must be a serious problem. Likewise, on another occasion in the House, Symonette mocked that the acronym for BEC was "Barely Enough Current" (National News).Moreover, at a cost upwards of $60 million dollars, the General Manager of BEC, Mr. Bradley Roberts commissioned two (2) generators namely No. 12 and No. 11, which is a slow speed generator. According to Roberts, "...No. 11 was installed behind schedule, and...there has been an ongoing problem with the performance of No. 11. It is not performing up to its capacity. It is operating below capacity, we (BEC) are not getting the bang for our dollar and the problems of No. 11 continue" ("BEC looks to 'Engine No. 12' to ease power woes," 1). Clearly Roberts was ill advised in his decision to purchase a brand new malfunctioning generator. Likewise, Roberts revealed that BEC's decision to purchase the No. 11 and No. 12 generators from the manufacture was not one...

Find Another Essay On Privatization of the power utility in The Bahamas. "BEC Should by Privatized. (external sources are cited)

Refutation of difficulties with Biblical creationism. Verse support, along with many sources cited in the work. Excellent for term paper.

2046 words - 8 pages week, and that the earth is only a few thousand years old. Science has "proven" that this cannot be possible through many methods, all of which have been refuted by Christian findings. (Long)One of the supposed difficulties with Biblical creation is the age of the earth. A method called carbon dating came into practice in the scientific community to determine the age of fossils or rocks. Instruments are use to measure the amounts of carbon-fourteen

The Privatization of Prison Healthcare Essay

1955 words - 8 pages state of Illinois failed to audit Wexford Health Sources before the state signed a $1.4 billion contract with Wexford. According to Executive Director John Maki, of the John Howard Association of Illinois “When the state handles the prisons and health care is outsourced, there may be coordination issues. In my observation, private companies are able to save tremendously on inmate care because there is no oversight by the state to enforce proper

The Ethics of Prison Privatization

2357 words - 9 pages How true is Christie’s warning that an increasingly privatized penal service threatens the ethics and effectiveness of the criminal justice system? More aspects of the penal system are now privatized, and are set to increase. This includes the privatization of such services as prisons, electronic tags, catering companies, probation work or prison escort services. David Taylor-Smith, head of the world’s biggest security firm, G4S says he

The Privatization of American Prisons

4434 words - 18 pages privatization once again became a viable option fueled by the hopes of decreased costs, increased beds, and enhanced prison innovation. Emergence of Contemporary Private Incarceration With such immense overcrowding dominating the American correctional landscape, government authorities needed a quick outlet to expand capacity. While the American populous continued to pass tougher legislation, in effect sending more criminals to prisoner for

The pros of bringing stem cell research into the medical field (sources cited included)

1205 words - 5 pages into any kind of stem cell in the body. One more way to obtain stem cells is from the umbilical cord of a newborn child. After birth, when the umbilical cord is cut, the cord still has what are considered adult stem cells in the blood of the cord. The cells are considered adult stem cells because the child has been born, unlike an embryonic stem cell, which is still an embryo (The Power to Divide). Usually, the umbilical cord is just thrown away

Comparing the Utility of Bentham and Mill

2032 words - 8 pages sanctions include both rewards and punishments; a typical example is that of heaven and hell; heaven as a reward for a life lived ethically and hell as a punishment for the converse. Religious sanctions are imposed by external forces yet it should be noted that they are considered to be sanctions from god not from society because god is the actuator of the reward or punishment in this situation. Bentham believes that people tend to be

The Privatization Initiatives of the 1980s

2078 words - 8 pages markets are the most efficient actors capable of distributing resources and producing goods.” The sale of assets in the first decade of privatization generated more than £15 billion of revenue for the government. (pg3) “Following the perceived success of the British program, many other countries began privatization initiatives beginning in the late 1980s, and many are still ongoing. “ (pg3) “Canada carried out a number of privatization

Utility of the Jamaican Court Structure

855 words - 3 pages so that no worthy litigant is left without a remedy.The utility of the Jamaican court system can therefore be said to promote efficiency, certainty and uniformity within the legal system, under Common Law on the basis of the doctrine of judicial precedent. Furthermore, it gives way for transparency as judges do not make laws, but merely find and declare the law in previously decided cases. In addition, all citizens of whatever rank or status are subject to the same laws, and the exercise of governmental power is limited by those laws.

The Morality and Utility of Artificial Intelligence

4503 words - 18 pages systems not be allowed to communicate with humans using speech, in order to dispel the illusion of humanity provoked by speech (Campbell 266). The second kind of computer application that Weizenbaum wishes to avoid is that which “can easily be seen to have irreversible and not entirely foreseeable side effects” (270). In addition, he believes that the only applications that should be approached are those that will meet a truly

Did you watch? : Extravagant Spending in the Bahamas

1354 words - 6 pages homes that indulge them. Many families here in the Bahamas live outside of their means. Parents allow the materialism to rub off onto their children. However, one cannot teach what one has not learned. As Cottom recalls in her article her childhood, she speaks of the difference her mother made for the life of their elderly neighbor just by dressing up in very classy and expensive clothes. Today in the Bahamas, we learn to take our view on style

What are the prime sources of Working Capital Financing?

610 words - 3 pages . So, the significance of working capital financing is a must to know factor. There are two types of sources available for working capital financing i.e. Short term and long term. Most of the financing options described below, have a look. • Factoring: This is the traditional source of short term funding for the growing businesses in their deprived situations. To chase outstanding invoices from customers as well as recovering from a loss of

Similar Essays

Discuss The Concept Of The 'sublime' Advanced By 'longinus' In "On The Sublime." How May We Recognize It? What Are Its Five Sources? (Brief 'works Cited' Page Included).

2054 words - 8 pages listing of and description of Longinus?s five sources of elevation.Longinus?s five sources of ?elevation? are stated in Chapter VIII and definitions for each are given. These are: (i) Splendor of thought or the power of forming great conceptions; (ii) capacity for strong emotion or vehement and inspired passion; (iii) suitable use and formation of figures; (iv)nobility of diction; and (v) dignified and elevated composition. The first two of these

Education In The Bahamas Essay

1020 words - 4 pages problems within a total text, not as a theoretical question, the resulting comprehension tends to be increasingly critical and thus constantly less alienated.” The educational system in the Bahamas would allow people to express their feelings and be able to control the emotions that affect our ability to make the right decisions. It is true that academic pursuit of education is rigorous and many systems of education are needed to be incorporated. However, if banking education is consumed over problem-posing education, then we dehumanize the persons in the system when we should in fact driving towards a liberating experience for them.

Brain Drain In The Bahamas Essay

2836 words - 11 pages different fields of study that would persuade college graduates to return home. Although, the Bahamas may not experience the amount of poverty as other third world countries are today, there is still an economical downfall occurring. This fact is proven by the many Bahamians in the earlier years, which were skilled in crafts, farming and were hard workers who could adapt to fluctuant climate change, were hired to work abroad in the United States

Teenage Pregnancy In The Bahamas Essay

1353 words - 5 pages Teenage pregnancy in the Bahamas Every society is affected by teenage pregnancy which is a multifaceted problem that can pose social, economic and health issues. Teenage pregnancy inadvertently contributes to the escalating volume of single parent families in the Bahamas. According to the Department of Statics a single parent home is considered to be a home in which the parents are not married. Although the birth rate fluctuates, births to