JPS boss targets renewable energy investment barriers

JPS boss targets renewable energy investment barriers

Monday, September 25, 2017

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The new president and CEO of Jamaica Public Service (JPS) says he will be working to remove some of the barriers preventing the company from seizing renewable energy investment opportunities.

“This is the first jurisdiction I have worked in where the company can't see an opportunity for investment and seize it — this is a significant barrier,” Emanuel DaRosa said in an address at CIBC FirstCaribbean International Bank's Client Appreciation Reception last Thursday at the Jamaica Pegasus hotel in New Kingston.

Stressing his company's commitment to investing in renewable energy in Jamaica and its support for the Government's target of 30 per cent renewables, DaRosa said, “JPS is not allowed to develop renewable plants without participating in a public tender process managed by the Office of Utilities Regulation.”

Noting that in 2016 alone, JPS almost doubled the amount of renewables on the grid, he said, “Renewables leverage Jamaica's natural resources and there is opportunity for JPS to install renewable hydro, wind, solar, biomass, and landfill gas.”

DaRosa said that fuel diversity is a priority for his company, and liquified natural gas (LNG) and renewables are important parts of the energy mix. He said that there is a lot happening in energy now and “Jamaica is on track for 20 per cent of the energy mix being from LNG by 2020”.

Describing himself as “an advocate for renewables”, DaRosa said he has the exciting task of taking JPS to the next level, and looks forward to working with the various stakeholders for the future of energy in Jamaica.

“We need partnerships and collaboration across the board,” he declared as he lauded “the several banks coming together to invest in the new 190-mw LNG plant to be built in Old Harbour Bay — a first in the history of the country”.

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