Belco has been given approval to build four new generators.

The Regulatory Authority approved the company’s application to install four dual-fuel engines with a total power output of 56 megawatts. The company will also build a battery energy storage system with a ten megawatt output.

The new machines will be built on Belco’s existing site on Pembroke’s Serpentine Road.

Sean Durfy, president and chief executive of Belco, said: “I am extremely pleased the authority has recognised the urgency of proceeding with the development of the replacement generation.

“Given that 50 per cent of our existing generation capacity will be retired over the next two years, the order will allow Belco to continue to provide Bermuda with a reliable electricity supply.”

Mr Durfy added: “In addition to the creation of new jobs during the construction phase of the North Power Station, and the assurance of our employees’ ongoing safety, there are numerous benefits that will be realised by our customers once the replacement generation is commissioned.”