Cambridge Project Development Inc (one of the partners in Azurest Cambridge Power) has declared that it was not responsible for the collapse of the 2009 waste-to-energy plants deal it had with the Petroleum Corporation of Jamaica (PCJ).
In response to a Gleaner query about the project that should have been in operation this year, President Leonard Enriquez said PCJ sent a letter to his company in March 2012 cancelling the project. The letter informed Cambridge that PCJ's "Phase III evaluation of the project's economics had not met their criteria (too expensive, considering all cost factors)."
The PCJ letter stated, "After careful review of the circumstances as it relates to stage three of the process, which involves the economic evaluation, your proposals were unsuccessful in meeting this requirement for the projects. We, therefore, will not be able to joint venture with you in the production of renewable energy using municipal solid waste at this time."
Enriquez said his company did not sign a memorandum of understanding with PCJ while consultants to PCJ completed various economic studies.
He further said, "Please note that the non-pursuance of this project had nothing to do with Cambridge's ability to execute."
On Friday, in the article 'No word on waste-to-energy plants', The Gleaner queried the status of the 2009 joint-venture agreement between Cambridge and PCJ to establish two waste-to-energy plants in Kingston and St. James, using new technologies that would generate up to 65 megawatts of electricity.