JPS says investment to improve electricity delivery topped $12b in 2017
The Jamaica Public Service Company (JPS) says it invested a record $12.8 billion last year to improve the delivery of electricity across the island.
In a release issued today, the JPS said the money was invested in capital projects spread across the island.
In a breakdown of the sum, the energy company says roughly $4.4 billion was invested in its power generation facilities. These include the Bogue power plant in St James, as well as the overhaul of one of the major generating units at the Rockfort power plant in Kingston.
It says approximately $1.5 billion was invested in installing 36,400 LED streetlights across the country.
Additionally, JPS says it invested another $1.5 billion to upgrade the Duncan's substation in Trelawny; carryout voltage upgrades in sections of the island, including St Andrew and St Ann; and install more distribution automation switches on the national grid, among other projects to enhance service reliability.
The rest of the investment covered other major customer service improvement initiatives, such as the roll out of 22,000 smart meters, bringing the number of smart meters rolled out in two years to over 40,000.
Commenting on the size of the investment, JPS President & CEO, Emanuel DaRosa, said: "We assessed our service levels, and planned for where we wanted to take the Company and Jamaica, and decided that it was necessary to make a very significant investment of capital to achieve these goals.”
For this year, JPS says the focus is on heightening customer service initiatives and develop a more robust grid.