BICO LIMITED HAS JOINED the growing list of Barbadian companies converting to alternative energy and in just one month, has cut its energy bill by about $20 000.
?This was revealed yesterday by company officials as the ice cream manufacturer unveiled its near million-dollar photovoltaic (solar power) system financed by a low-interest loan from Government’s Smart Energy Fund, which is administered by the Enterprise Growth Fund (EGF).
Edwin Thirlwell, executive chairman of BICO, said the company secured a $1.5 million loan from EGF, from which $900 000 was spent on a new 182 kW hybrid solar/diesel system consisting of 10 000 square feet of solar panels.
The rest of the money is to be used to create a cold corridor to keep foods at refrigerated temperatures as they are moved from shipping containers to BICO’s cold storage facility. That project should be completed in six months.
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