New energy sub-committee to consider cost-cutting policies
Daraine Luton, Senior Staff Reporter
A three-member sub-committee on energy has been set up to refine the policies aimed at lowering the country’s energy costs.
The committee will also focus on the implementation of the government’s Liquefied Natural Gas (LNG) project.
Dr Carlton Davies, the chairman of the LNG steering Committee, told a Gleaner Editor’s Forum this morning that following the evaluation of bids for the supply on LNG tomorrow, a recommendation will be made to the Cabinet on how to proceed.
It is anticipated that electricity bills will come down by as much as 40 per cent with the introduction of LNG and the planned construction of a new plant by the Jamaica Public Service in St Catherine.
In the meantime, former head of the LNG steering Committee, Christopher Zacca said although the price of coal is likely to be lower than that of LNG, the cost of capital outlay could be prohibitive for the construction of coal plants.