Fri | Jul 21, 2017

Power producer confident it can win bid

Published:Wednesday | September 30, 2015 | 9:00 AM

Jamaica Energy Partners (JEP), the country's largest independent power producer, is among a host of entities that will be bidding to provide up to 37 megawatts (MW) of new generating capacity from renewable-energy sources to the national grid.

The Office of Utilities Regulation (OUR) on July 31 issued a request for proposals (RFP) inviting interested entities to submit applications.

The OUR will be accepting proposals from both local and international companies.

For JEP, which is now celebrating its 20th anniversary having begun operations in September 1995, this latest RFP presents an excellent opportunity for expanding into new frontier, particularly wind and solar energy.

And it is confident in its ability to compete with even international firms and win.

"There is absolutely no entity in Jamaica that has won a competitive bid except JEP," said Wayne McKenzie, the company's president and chief executive officer, when asked why his company is optimistic about its chances of winning in what is expected to be a very competitive bid.

His comment was in reference to the company's success in winning in 2008 the rights to build, own and operate a 66 MW power-generating facility which was commissioned into service in 2012.

 

upbeat

 

Raymond Grant, JEP's chief financial officer, is also as upbeat about the company's capacity and competence to deliver on the projections that will be outlined in its proposal.

"You have to grow to keep viable. Therefore, part of our strategy is strive for sustainable development. That being said, leading the market, is

an urgent mandate from our new owners, InterEnergy Holdings," said Grant, who joined JEP in 1996.

Formed in 2011 by private equity fund, InterEnergy Partners LP, InterEnergy Holdings owns and operates power-generation and distribution assets and fuel-distribution and logistics businesses in Latin America and the Caribbean. It owns and operates businesses in the Dominican Republic, Panama, Jamaica and Chile.