Business

MPC Caribbean Clean Energy lists tomorrow

Sunday, January 13, 2019

Print this page Email A Friend!


The listing of MPC Caribbean Clean Energy Limited on the Jamaica Stock Exchange will take place on Monday, January 14, at 9:00 am. The company will also be cross-listed on the Trinidad & Tobago Stock Exchange, at the same time.

An Initial Public Offering (IPO) on the Jamaica and the Trinidad and Tobago stock exchanges targeted at institutional investors raised a total of US$11 million across the two stock exchanges. Lead brokers were JN Fund Managers Ltd. in Jamaica, and First Citizens Brokerage and Advisory Services Limited in Trinidad & Tobago.

The offer is part of a larger project to raise US$200 million in private equity across the Caribbean by MPC Caribbean Clean Energy which will focus on investment assets in the renewable energy and the energy efficiency and storage sectors, across Latin America and the Caribbean.

Jamaica is a core participant in the project, with the Eight Rivers Energy Park, a 50MW solar plant in Paradise Park, Westmoreland, being identified for investment. Financing of the park was successfully completed in mid 2018 with Proparco (France's development bank) and Dutch development bank FMO providing the senior debt for the project totalling USD 64 million.

MPC Caribbean Clean Energy's listing is sponsored by MPC Capital, an investment management firm situated in Hamburg, Germany. In addition to the Eight Rivers Energy Park, MPC Capital is also overseeing a 21MW Tilawind onshore wind farm in Costa Rica.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT