Fri | Feb 28, 2020

Investors not turned off by EWI controversy

Published:Tuesday | May 6, 2014 | 12:00 AM

Investment Minister Anthony Hylton says while there are complaints about the cost of energy in Jamaica, there is no indication that the scuppered Energy World International (EWI) deal, which has led to numerous calls for the resignation of his colleague minister, Phillip Paulwell, has affected investor confidence.

"It is too early to measure (if the EWI controversy will affect investor interest). I have had no discussion with no investor about that particular matter," Hylton told The Gleaner at the Montego Bay Free Zone last Friday. "It is a challenging issue and we have to find a solution to the energy problem, that (is what) they (investors) have complained about ... the urgency and the need to find a solution to energy."

He added: "It is what I will say when I make my presentation to Parliament and to the country on the state of the sector, the investor climate. I will report that Jamaica is alive and well. The investor interest in Jamaica remains very high. We have some issues, continue to have some challenges, but I think what is right about Jamaica is so much more that keeps Jamaica at the top of the minds of many investors."

- Mark Titus