The Authorities of Jamaica is open to expressions of curiosity from all events to enter into an vitality licence association.
Science, Vitality, Telecommunications and Transport Minister, Hon. Daryl Vaz, talking at a particular press convention on July 1 at Jamaica Home, mentioned that is open to events desirous of buying a brand new licence or together with present licences.
“The phrases of the brand new association should be in step with the Authorities’s main goal of decreasing the nation’s vitality invoice and securing extra cheap and inexpensive electrical energy prices for Jamaicans,” he mentioned.
Minister Vaz famous that with the present Jamaica Public Service (JPS) licence approaching its finish, this gives a possibility to barter actual modifications that can profit the nation and its individuals.
He mentioned a letter was written to the JPS advising that the Authorities is not going to be renewing the present all-island licence of the JPS underneath the prevailing phrases upon its expiration on July 8, 2027.
The Minister identified that the Authorities intends to barter new phrases which might be in step with the Authorities’s imaginative and prescient for a reformed vitality sector.
“At the same time as we pursue the pathway in direction of reformation, I want to guarantee the nation that the Authorities’s serving of formal discover to JPS of its intention to accumulate the licensed enterprise, augurs effectively in direction of stability within the electrical energy sector, whilst we negotiate phrases that higher serve the individuals of Jamaica,” he famous.
The Vitality Minister mentioned the choice follows intensive deliberation and session with business specialists and consultants.
Mr. Vaz mentioned in consideration of the way forward for Jamaica’s vitality sector and the phrases underneath which a brand new JPS licence might be ruled, the Authorities is not going to enter into preparations that don’t present a framework for optimistic reformation of the vitality sector to ship actual and sustainable outcomes for the individuals of Jamaica.
The Minister mentioned it’s a part of a transformative transfer by the Authorities to pivot in direction of reaching extra sustainable and possible outcomes within the vitality sector.
“As we negotiate a brand new licence, the Authorities is set to increase each effort to place the individuals of Jamaica able to take full benefit of potentialities to cut back the nation’s vitality invoice and to cut back the price of electrical energy to Jamaicans. Bettering Jamaica’s vitality safety and reaching decarbonisation targets are additionally amongst our key goals,” he mentioned.
