CUP.U Caribbean Utilities Company Ltd

GRAND CAYMAN, Cayman Islands, Aug. 26, 2011 /CNW/ -- CUC Invites Proposals for Renewable Energy Generation Facilities GRAND CAYMAN, Cayman Islands, Aug. 26, 2011 /CNW/ - Caribbean Utilities Company, Ltd. ("CUC" or "the Company") is inviting interested parties to submit an Expression of Interest and Preliminary Proposal for the financing, construction, ownership and operation of Renewable Energy Generation Facilities. It is the Company's intention to accept up to 13 megawatts ("MW") in total of grid-connected renewable energy generators on Grand Cayman under this invitation. CUC has been monitoring the status of several alternative technologies for over a decade.  Historically the cost of these technologies has prohibited adoption, however with current high oil prices and advancement in renewable energy generation technologies, CUC believes that there are vendors in the market that can provide utility scale projects that may provide a life cycle cost savings to the consumer.  Renewable energy could provide several benefits to the Cayman Islands, including lower emissions, price stability, and perhaps lower cost. CUC is hoping to identify viable Renewable Energy projects by the end of 2011. A copy of the Request for Expressions of Interest is available on the Company's website at www.cuc-cayman.com and can be accessed at the link below. Expressions of interest should be directed to Sacha Tibbetts, Manager Engineering Services. http://files.newswire.ca/520/CUC_Expressions_of_Interest.pdf CUC provides electricity to Grand Cayman, Cayman Islands, under a non-exclusive Electricity Generation Licence expiring in 2029 and an exclusive Electricity Transmission and Distribution Licence expiring in 2028.  Further information is available at www.cuc-cayman.com. Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on occasion, includes forward-looking statements in its media releases, Canadian securities regulatory authorities filings, shareholder reports and other communications. Forward-looking statements include statements that are predictive in nature, depend upon future events or conditions, or include words such as "expects", "anticipates", "plan", "believes", "estimates", "intends", "targets", "projects", "forecasts", "schedule", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could".  Forward-looking statements are based on underlying assumptions and management's beliefs, estimates and opinions, and are subject to certain risks and uncertainties surrounding future expectations generally that may cause actual results to vary from plans, targets and estimates. Such risks and uncertainties include but are not limited to operational, general economic, market and business conditions, regulatory developments and weather conditions. CUC cautions readers that actual results may vary significantly from those expected should certain risks or uncertainties materialize or should underlying assumptions prove incorrect.  Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future.  Readers are cautioned that such information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/26/c6591.html p bClair/bbe Stafford/bbr/ bCorporate Compliance Officer/bbr/ Caribbean Utilities Company, Ltd.br/ Phone: 345-914-1201 /p

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