The Grenada Electricity Services Ltd. (GRENLEC,) the sole provider of electricity in Grenada, Carriacou and Petit Martinique is publicly traded on the Eastern Caribbean Securities Exchange (ECSE). Two hundred and thirty-five employees provide integrated services of generation, transmission and distribution of electricity to more than 40,000 customers.
GRENLEC is actively pursuing a strategic goal to provide for 35% of demand through renewable energy generation by 2016. This will be a far-reaching transformation from the diesel generation plants that currently supply the tri-island state. Customer renewable energy interconnections currently account for more than 1% of demand. GRENLEC has installed an additional 182 KW of renewable energy in Grenada and Petit Martinique.
The Company owns and operates one main generating station in Grenada with an installed capacity of 39 MW, a 1.920 MW station in Carriacou and a 483 KW station in Petit Martinique. Our distribution network is comprised of about 220 miles of 11KV distribution lines, which serve 99.5% of the population.
GRENLEC provides a safe and reliable service by investing in its employees, business and communities.
WRB Enterprises of Tampa, Florida owns 50% of the issued ordinary share capital of the Company. The Government of Grenada and the National Insurance Scheme together own 21%, employees 4.5% and the remaining 24.5% is owned by approximately 1600 Grenadian and Caribbean investors.
To become a world class energy service provider and to be the corporate leader in Grenada, Carriacou and Petit Martinique, exceeding the expectations of all stakeholders.
To deliver excellent energy services in Grenada, Carriacou and Petite Martinique at the least possible cost while maintaining the highest standards and values.
We will acknowledge and show true regard for the opinions and beliefs of others
We will take care to protect and preserve our natural environment
We will conduct our business transactions in a transparent manner, exhibiting honesty and fair treatment for all
We take a collective approach to achieving common goals
We will pursue the highest standards of performance at all times. We will do it right first time
For all Stakeholders
The Company’s shares are listed on the Eastern Caribbean Securities Exchange (ECSE) under the trading symbol, "GESL".
Eastern Caribbean Securities Exchange
P.O. Box 94
Bird Rock Basseterre