Sector Profile

Sector Profile

The Jamaican energy landscape is dominated by the Jamaica Public Service company (JPSCo), which has a monopoly on transmission and distribution and is the largest energy supplier. The JPSCo ownership structure is four tiered, with Marubeni Caribbean Power Holdings Inc. and Korea-East West Power Company Limited each holding 40%, the Government of Jamaica owning approximately 19% and a small group of minority shareholders maintaining less than 1%.

The industry is regulated by the Office of Utilities Regulation (OUR), which develops the framework for the industry and sets the rates and service standards to ensure a transparent and equitable representation for all stakeholders.

The Government’s commitment to fulfilling the country’s energy resource potential is being advanced by the National Energy Policy, Vision 2030 – Jamaica’s National Development Plan, and the National Renewable Energy Policy. The primary objective of the Government is to diversify the national energy supply into a mix of energy sources that includes any combination of petroleum coke (petcoke), coal, natural gas and renewables. In the area of renewables, sources such as solar photovoltaic, wind, hydro, biofuels/biomass and waste to energy solutions are being explored.

The National Renewable Energy Policy outlines a progressive timeline for the diversification of the energy supply, which will see the percentage of renewables in the energy mix increasing to 12.5% by 2015 and 20% by 2030.

FOR FURTHER INFORMATION PLEASE CONTACT

MANAGER, MANUFACTURING, ENERGY & MINING

Berletta Forrester
Email : bforrester@jamprocorp.com | Tel : 876-978-7755 ext 2259