Opportunities

Opportunities

Driven by the need for efficiency improvements and energy diversification, Jamaica presents investors with many investment opportunities in the energy sector, as described below.

ENERGY GENERATION

Renewable Energy Plant for Grid (37MW of Firm Capacity) - The Office of Utilities Regulation intends to issue a request for proposals to add 37MW of firm power from renewable energy resources to the national grid during the first quarter of 2014. Firm power may be obtained from the following renewables:

    • Solar Thermal
    • Biomass/Biofuel
    • Geothermal
    • Hydro
    • Municipal Solid Waste

NEW OPPORTUNITY: RFP - Supply of up to 37 MW (Net) of Electricity Generation from Renewable Energy Resources

Conventional Fuels Power Plant (Up to 15MW non-bid for national grid) - Investors may establish a generation facility of no more than 15MW for the supply of electricity to the national grid on a non-compete basis.

Private Generation Projects – Within this deregulated generation environment, there are private sector companies exploring projects for generating energy for their own consumption, which presents opportunities for joint ventures or financing.

OTHER

Fuel Sector - The main fuels used for the transportation sector in Jamaica are gasoline and diesel.  Liquid Petroleum Gas (LPG) is also used in household and commercial applications for cooking and baking. It is also used to power forklifts in factories. The fuel sector in Jamaica is liberalized, which means that investors can either import or grow and harvest fuel crops for the domestic market. 

Petrojam - Petrojam currently refines crude oil for the domestic market. The company intends to upgrade the refinery and is seeking financing to carry out the project.

Exploration – With evidence of the presence of hydrocarbons based on drilling in exploration wells, Jamaica presents investors with the opportunity to explore the country’s potential for important commercial finds of both oil and gas.

FOR FURTHER INFORMATION PLEASE CONTACT

MINING, ENERGY & MANUFACTURING MANAGER

Ricardo Durrant
Email : mem@jamprocorp.com | Tel : 876-978-7755 ext 2230
Mobile : 876-382-6613