JPS expresses concern after gov’t announce it will not renew its licence
KINGSTON, Jamaica — The Jamaica Public Service (JPS) is raising concerns after the Government announced that it will not renew its all-island licence to supply electricity without re-negotiation of the current terms at the expiration of the term of the licence on July 8, 2027.
Minister of Science, Energy, Telecommunications and Transport Daryl Vaz made the announcement during a press briefing on Tuesday.
JPS, in a statement on Tuesday, confirmed that it is in receipt of formal notification from the Government, indicating its “intention of acquiring the Licensed Business at the expiration of the term of the Licence (being July 8, 2027)”.
JPS CEO Hugh Grant expressed concern surrounding the announcement, noting that “this development has several implications for the energy sector, and for the country in general. The JPS leadership, shareholders and legal teams will review the implications while engaging key stakeholders. Regardless of the path forward, we assure our customers that JPS remains steadfast in our commitment to deliver safe, reliable, resilient and cost-effective electricity service to the nation.”
READ: Gov’t will not renew JPS contract under existing terms — Vaz
