JPS to break ground for 190 MW power plant today
After several delays the Jamaica Public Service Company (JPS) will break ground later today for the construction of its 190 megawatt LNG power plant in Old Harbour Bay, St Catherine.
The first electricity generation plant to be constructed by the JPS in 15 years was scheduled to be completed by the middle of next year.
However, Communication Officer at the JPS, Audrey Williams, says that target has been revised to early 2019.
The cost of the power plant is now US$330 million or about J$42.4 billion, up from the US$300 million that was previously stated by the light and power company.
About US$210 million or J$26.9 billion is financed by a local consortium of bankers led by the National Commercial Bank.
The construction of the new power plant is the single largest investment to be undertaken in Jamaica's energy sector.
The groundbreaking ceremony is scheduled for 4 o'clock this afternoon.