Government intervention is set to bring an end to a near two-year delay to the start of construction on a $350 million hybrid energy power plant at Harrow Plantation in St Philip, Barbados TODAY can reveal.

Minister of Energy Kerrie Symmonds has pledged that a ruling is expected by September 15 on the tariff for the proposed plant, clearing a major hurdle developers say must be overcome before construction can begin.

The developers, Renewstable (Barbados) Inc. (RSB) – a special purpose vehicle that will act as an independent clean energy producer selling the electricity generated to the national grid, operated by the Barbados Light and Power Company – had applied to the Fair Trading Commission (FTC) for approval of a non-feed-in tariff rate that it can charge for selling its power.