[1] Originally designed to manage coal bunkering, the company brought electricity services to the island in 1914.
In 1936, the original president, Mr. Hans N. Andersen of Denmark, saw tourism as another business venture and established the Maison Danois, the first tourist shop in St. Thomas.
That year, the company also bought property and began development of what they would call Caneel Bay.
WICO is now wholly owned by the Public Finance Authority, an entity within the executive branch of the V.I.
[2] WICO hosts a busy duty-free port shopping mall, Havensight Mall in the Charlotte Amalie Harbor on St. Thomas, and has berths on the Long Wharf cruise ship dock to serve cruise passengers.