Vishnu Dhanpaul

Chairman: Vishnu Dhanpaul

THE GOVERNMENT has appointed a ten-member committee to evaluate at least 25 bids for the sale or lease of the Guaracara refinery at Pointe-a-Pierre.

Trinidad Petroleum Holdings Ltd (TPHL) says the evaluation committee will be led by permanent secretary in the Ministry of Finance Vishnu Dhanpaul.

The committee will evaluate all bidders participating in the Guaracara request for proposal (RFP) and make a recommendation to the Cabinet on the preferred bidder. TPHL stated that the appointment of the committee will remove any requirement for the board of directors to conduct the evaluation and selection as the committee will assume full responsibility for the selection of the preferred bidder.

“Consequently, the Government has indemnified the board of directors of Trinidad Petroleum Holdings Ltd (TPHL) from any liability that may stem from the decisions and/or actions of the evaluation committee,” it stated.


The Central Bank reported yesterday that T&T’s energy sector experienced further setbacks in the second quarter, with natural gas production falling “primarily due to production curtailments at Atlantic LNG which is a major user of natural gas”.

MAJORITY State-owned telecommunications provider TSTT yesterday became the first company in …

Local astronomer and microbiologist Dr Shirin Haque is among the 2020 lau­re­ates in the An­tho­ny N Sab­ga Caribbean Awards for Ex­cel­lence. Haque was selected for the award in the field of Science and Technology.

REPUBLIC Financial Holdings Ltd has agreed to pay the Scotiabank US$120 million to acquire 100 per cent of the Canadian bank’s operations in the British Virgin Islands.

HIGH COURT Justice Kevin Ramcharan, in September 2019, aborted an attempt by CL Financial subsidiary, Home Construction Ltd (HCL), to sell two highly coveted pieces of prime commercial real estate, following an objection to the lack of transparency and the failure to properly advertise the properties in the initial sales process by one of CL Financial’s joint liquidators, David Holukoff of the accounting firm, Grant Thornton.