PNP says EWI the best option for reduced electricity
Jerome Reynolds, Staff Reporter
The governing People's National Party (PNP) is maintaining that the 381 megaWatt project executed by Energy World International (EWI) is the best avenue to bring cheaper electricity prices to Jamaica.
In a series of tweets on its official Twitter account, the PNP reiterated that the Hong Kong-based company has proposed to bring electricity to Jamaica at a rate of 12.80-US cents per kilo watt hour.
This is well below the current rate of about 40 US cents.
The PNP further points out that EWI owns its own source of gas which it says will allow the company to provide cheaper electricity.
EWI is able to provide cheap electricity because: It owns its own gas hence no need to sign “take or pay”... http://t.co/9O4i79eB7o
— PNP Jamaica (@JamaicaPNP) May 2, 2014
The PNP says the introduction of electricity at a rate of 12.80 US cents to Jamaica would serve to cut the energy bills for businesses and homeowners.
The PNP suggested that moving the 381 megaWatt project to the next bidder would not yield the same level of reduction in electricity prices as it notes that the third bidder has proposed a rate double that of EWI.
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