The first prize of the Power Soca Monarch competition this year will again be 2 million dollars; confirmed this morning by Chairman of the Caribbean Prestige Foundation, William Munro.

After Reigning Power Soca Monarch, Machel Montano walked away with the first ever 2 million dollar prize for the competition last year the Ministry of Arts and Multiculturalism had said that the Government would not be able to commit to offering this sum for the first prize again this year.

However, in a televised interview this morning Mr. Munro said the CPF was able to gather the rest of the monies from sponsors.