Local News
Generator Issues Persist on Jost Van Dyke, Diagnostic Testing Underway
A team of experts from the BVI Electricity Corporation (BVIEC) traveled to Jost Van Dyke to investigate the ongoing generator failure that has left the island in darkness. However, upon arrival, they discovered that the issues with the generator were more complex than initially anticipated. Further troubleshooting and diagnostic testing are now required to determine the root cause of the failure.
As a result, there is currently very little that the team can do until the diagnostic testing is completed.
The BVIEC, fully aware of the urgency and the impact this power outage has on the community, is working tirelessly to expedite the troubleshooting process. They understand the inconvenience caused by the prolonged outage and are committed to restoring power to Jost Van Dyke as soon as possible.
In the midst of these challenges, the BVIEC would like to extend itssincere apologies to the community for the inconvenience caused by the prolonged power outage.
The BVIEC will continue to provide regular updates to keep the public informed about the progress of the diagnostic testing and restoration efforts. They encourage residents to stay connected through local news channels and official BVIEC communication channels for the latest information.
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British Virgin Islands Financial Services Commission Welcomes New Leadership
The British Virgin Islands Financial Services Commission (BVIFSC) has announced new appointments to its governing board, with Mr. Gerard St Clair Farara KC stepping in as Chairman and Ms. Patlian Johnson as Commissioner. The appointments, confirmed by the Ministry of Financial Services, Labour, and Trade, mark a new chapter for the commission as it seeks to strengthen the territory’s financial services sector.
Mr. Gerard St Clair Farara KC has been appointed to a three-year term as Chairman, effective August 1, 2024. A seasoned legal expert with a distinguished career, Farara currently serves as a Commercial Court Judge for the Eastern Caribbean Supreme Court and leads the litigation team at the BVI office of COLLAS CRILL, formerly Farara Kerins. Farara’s prominence in the legal community is further highlighted by his appointment as Queen’s Counsel in 1996, cementing his standing as a leading figure in the Virgin Islands Bar and the broader Eastern Caribbean.
Ms. Patlian Johnson will serve a one-year term as Commissioner, also beginning on August 1, 2024. Johnson, a Strategy and Policy Advisor with extensive experience, currently holds the position of National Coordinator for the UNDP Project Office. She brings an impressive academic background, including a Master of Science in Economics and Finance from the University of Bristol and a Bachelor of Science in Economics and Accounting with First Class Honours from the University of the West Indies, Cave Hill Campus.
The pair will replace outgoing Chairman Mr. Robin F. Gaul and Commissioner Mr. Melvin A. Turnbull, whose terms have concluded. Minister of Financial Services, Labour, and Trade, Honourable Lorna G. Smith, OBE (AL), praised the new appointments, stating, “I am delighted to welcome Mr. Farara and Ms. Johnson to the BVIFSC Board of Commissioners. Their combined expertise will be invaluable as we continue to navigate the challenges and opportunities facing the financial services sector.”
Smith also expressed gratitude to the departing board members for their significant contributions to the growth and stability of the territory’s financial services industry. According to the Government Information Service (GIS), these appointments underscore the Virgin Islands’ commitment to maintaining a well-regulated and competitive financial services sector.
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