(1) Subject to this Act, the Company shall have a sole and exclusive licence to generate, transmit, distribute and sell electricity in Saint Lucia for a period of 80 years with effect from 1 July 1965.
(2) For the avoidance of doubt, it is hereby declared that the licence granted to the Company under the Electricity Supply Act, No. 27 of 1964 shall continue in force in accordance with the terms and conditions of that licence except that from the date of commencement of this subsection the exclusive licence to generate electricity shall be for the generation of electricity from fossil fuel only. (Substituted by Act 2 of 2016)