Mirant shortlists six bidders for JPS stake
Mirant Corporation has shortlisted six bidders for its majority stake in the Jamaica Public Service Company (JPS), the Observer has learnt.
The six firms, described by a source close to the negotiations as “serious bidders”, are from Europe, North America and Asia.
“The are all experienced operators in the power sector,” said the source, who declined to name the firms. “They will likely meet with the Government in another week or two.
JPS officials could not be reached for comment last night. However, the Observer learnt that the light and power company still had its sights set on wrapping up the sale by July this year.
Mirant, the Atlanta, USA-based power company that bought 80 per cent of JPS from the Jamaican Government in 2001, announced in July last year that it was selling its stake in the local firm along with other international holdings as part of a reorganisation plan.
