Bring alternate energy into the Free Zone -Crump
DAVON CRUMP, the chief executive officer of Global Outsourcing Solutions, wants business stakeholders in the Montego Bay Free Zone to pool resources in order to undertake full or partial conversion of renewable energy sources, to mitigate against the impact of future increase in electricity costs.
Crump, who was speaking at last week Thursday's Gleaner Editors' Forum at the Montego Bay Convention Centre, said the revenues of energy-intensive companies like his, which are involved in business process outsourcing, were hugely impacted by massive electricity bills.
"One of the challenges we have in the business is high energy cost. Currently, our utility costs is one of our biggest monthly recurrent expenses, next to our payroll," said Crump, while noting that the slight reduction in utility cost in recent months, which is due to falling oil prices. "... and also because we are in the cooler months, less power is being used."
"However, we can't be complacent, as this is only going to be short-lived - and we should start taking the necessary precautions, so that when the increase comes, we are prepared for it," said Crump. "My suggestion is, I would want to recommend that all the tenants located in the Montego Bay Free Zone come together and formulate a plan to share in the initial capital expenditure related to implementing or providing an alternative energy source in the buildings that we now occupy."
Crump, who is also a board member of the Montego Bay Free Zone and the immediate past president of the Montego Bay Chamber of Commerce, said the free zone was an ideal site for wind turbines as it is located in one of the windiest areas within the parish of St James.