National Energy Corporation of Trinidad and Tobago Limited (NEC) is a wholly owned subsidiary of The National Gas Company of Trinidad and Tobago Limited (NGC). The forerunner to the National Energy Corporation was a Co-ordinating Task Force set up in 1976. Incorporated in 1979 to continue the work of the Co-ordinating Task Force in developing the country's natural gas-based projects and industrial infrastructure, NEC was involved in the construction and operation of the early petrochemical plants and the adjoining port and marine infrastructure at the Point Lisas Industrial Estate. Today, NEC is a fully operational entity within the NGC Group with responsibility for development and management of industrial estates, port and marine facilities for the gas-based energy sector. NEC's assets presently include:
- The Point Lisas Channel
- Turning Basins
- Marine Vessels [9-Tugs, 2-Workboats and 1-launch]
- Four Multi-User Piers at Point Lisas
- ISCOTT Dock
NEC's Mandate:
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The conceptualisation, promotion, development and facilitation of new energy-based and downstream industries in Trinidad and Tobago;
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Identification and development of new industrial estates and associated deep water ports;
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Ownership and operation of marine and other infrastructural assets to facilitate all gas-based metal plants. These assets include Savonetta Piers I, II, III and IV, ISCOTT Dock, and the Point Lisas Channel and Turning Basin;
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Towage and Harbour Operations
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Development and Management of La Brea and Union Industrial Estates;
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Sustainable Management of the Environment