Mon | Aug 21, 2017

Paulwell repeats call for Gov't to reconsider selling JPS shares

Published:Wednesday | April 26, 2017 | 4:41 PM

Leader of Opposition Business in the Senate Phillip Paulwell again called for the Government to reconsider plans to sell its shares in the Jamaica Public Service Company (JPS) Limited.

The Government owns 19.9 per cent of the light and power company.

Paulwell, who is also the Opposition Spokesman on Energy, says that the JPS is pursuing several projects that will put the company in a better position financially.

He argues that selling the shares is not the best decision for the country at this time.

In delivering the Throne Speech in February, Governor General Sir Patrick Allen said an enterprise team is to be set up to lead the divestment of the JPS shares.

Sir Patrick also indicated that the Government will seek to ensure that Jamaicans have ownership in the company.