New electricity plant to provide $360m savings - UWI Principal
Principal of the Mona Campus of the University of the West Indies (UWI), Pro Vice-Chancellor, Professor Archibald McDonald, says the university will see savings of $360 million monthly when its electricity plant becomes operational next year.
Professor Archibald McDonald made the disclosure while addressing the launch of the Schools of Education Biennial Conference at the University’s Regional Headquarters on Wednesday.
He said the university is close to signing off on the contract to construct the cogeneration plant.
The UWI principal indicated last month that Wartsila out of Finland will operate the plant and train personnel at the School of Engineering to take over the management of the facility.
Professor McDonald told the gathering on Wednesday that the transition in management will happen after three years.
He said after that point the university expects that the electricity plant will save the university $1 billion annually.