JPS signs MoU with Chinese company to build power plant
The Jamaica Public Service Company (JPS) has signed a Memorandum of Understanding with a China-based energy company as it seeks to keep on track, its project to build a major power plant in Old Harbour, St Catherine.
The Chinese company replaces the initial bid winner, Abengoa, which has initiated steps that could lead to bankruptcy.
JPS president and chief executive officer, Kelly Tomblin, made the disclosure in an interview with The Gleaner/Power 106 News Centre.
But Tomblin says for confidentiality reasons the name of the Chinese company will not be released until after a meeting next week with the Electricity Sector Enterprise Team.
Spanish company, Abengoa late last month, filed for protection from creditors a few days after it was named as the preferred bidder to build the 190-megawatt combined-cycle plant in Old Harbour.
Energy Minister Phillip Paulwell said then that there was no need to panic and that the JPS should be given the space to continue the procurement process.
The situation with Abengoa is the latest hurdle in Jamaica's journey to diversify its energy mix and came just over a year after the government made another failed attempt to have the power plant built.