Home' Trinidad and Tobago Guardian : February 3rd 2017 Contents A18 news
guardian.co.tt Friday, February 3, 2017
Trinidad Generation Unlimit-
ed (TGU) plant is a success story
that is yet to be told. And after five
years of successful operation with
a totally local management, chair-
man of the Board David D'Andrade
is singing praises.
The chairman recalled that this
plant was tied in to the now defunct
Aluminum Smelter Plant which was
to be constructed on the Union Estate
La Brea, near to where TGU is located.
He said after the smelter construc-
tion was shut down, there were nay-
sayers who said the plant would never
He also recalled that when it was
revealed that the Government fund-
ed combined cycle power generation
plant would be operated by a totally
local management team, the negative
response was more pronounced.
Today, five years later, the plant has
not only met its target, but has sur-
passed what was expected.
D'Andrade and senior members of
the management team took the me-
dia on a tour of the La Brea facilities
which is responsible for producing
50 per cent of the power required by
The Trinidad and Tobago Electricity
Company for half of the country.
He said by the end of the first quarter
that 50 per cent demand may increase
as the efficiency of the management
and plant makes it the most important
efficient power supply being sold to
He said the company is making the
demand of TGU from a cost benefit
and reliability benefit perspective.
He said T&TEC's other providers
who operate simple cycle plants, use
twice as much as natural gas to pro-
duce the same amount of electricity
TGU uses because of the efficiency of
their combined cycle plant.
He said the plant is also designed
to use alternative fuel.
D'Andrade said the plant can gen-
erate 720 MW of electricity at full
output. He said over the years the
plant has met the annual 93 percent
Emphasising its financial suc-
cess, D'andrade said TGU has not
only repaid the government, for the
construction of the facility which
cost US$554 million or TT $3.8 bil-
lion , but has also paid dividends to the
government totalling approximately
US $222 m or TT $1.4 billion.
The company also received invest-
ment grade ratings as a first time is-
suer bonds of BBB from S&P ratings
agency and BBB from Fitch Ratings
Agency for itself and for its US $600
Million dollars or TT$4.08 billion for
its Senior Unsecured 11-year notes.
back in T&T
The AdON Group of Companies has secured the dis-
tribution contract for T&T with Valvoline Inc. The mul-
ti- million dollar partnership was officially launched
this week at Prive Restaurant and Conference Centre.
On hand to re-introduce the lubricants and chemicals to
the local market were Frederico Granados, Manager Caribbean
and Central America, Climido Rivero ,Supervisor Caribbean
and Central America and Benjamine Sargeant, Inside Sales,
Already AdON's operations manager, Aaron Achan, is set-
ting his sights on not only cornering a significant portion
of the local market, but spreading its wings into Guyana in
the not to distant future.
"We are not going to settle for five or eight percent of the
market share. We are going after 15, 16 or 17 per cent.
"We are an independent lubricant company that is getting
into the market for market share in Trinidad and Tobago.
"When things go well here we can explore Guyana, be-
cause they don't have a distributor there right now."
Achan, who is involved in local racing, said the
partnership with Valvoline started as an idea tossed
about between him and his older brother, Adrian,
the Group's General Manager, about the possibility
of having their own lubricant brand as his sponsor.
"We engaged in conversation and found out Valvo-
line was in the market for a new distrib-
utor. We initiated conversation around
"It was a lengthy process, a lot of
back ground checks, conversation
with legal department between the
United States and T&T, bank checks,
searches and a lot of money had to be
put as security.
"Because of the arrangement with
the previous distributor, we had to
pay for everything up front, in US
On December 6, 2016, AdON be-
came the official distributor with a
contract up for review in five years.
He said the initial investment was
around TT$2 m, "But based on budg-
etary assessment could reach around
TT$24 m annually or more as we se-
cure market share."
Achan said they received the first
shipment about one week ago, but
plan to turn over and average of four
containers a month, minimum, which
is equivalent to 20,000 gallons.
Admitting that the market is com-
petitive, Achan said, "We pride our-
selves on being competitive.
"Valvoline is a premium oil, we are
in the top four in the market and we are
going after market share everywhere.
We are here to stay."
He said they Valvoline line has lu-
bricants for every vehicle, from Tiida
to Mercedes Benz, motor bikes, boats,
cars, diesel trucks, heavy equipment,
His father Group Managing Director
Phil Achan agreed that as a new sub-
sidiary of AdON, Valvoline Trinidad has
strong visions for the market.
The obvious one is to assert the Val-
voline brand as a leader in both the pas-
senger car and commercial sectors.
Underscoring the uncertain economic
situation, the MD asserted, "Tough times
signifies us getting tougher and not to use
the current climate as a negative block but
rather as an energising spring board for new ideas
with our respective companies.
"We are here to assist you on this journey and to
encourage you to protect your investments."
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