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%.

JPSCo. has an installed generation capacity of 850 megawatts, and purchases electricity from four Independent Power Producers (IPPs). Jamaica Energy Partners, which is the largest IPP, produces approximately 20% of the energy on the grid through the use of power barges docked along Jamaica’s coast. In 2016, 60MW of wind power and 20MW of solar power was added to the grid from renewable energy. The bauxite and sugar industries produce electricity through cogeneration. 

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