Monthly Archives: November 2015

//November

Jamaica set to benefit from IDB Green Bond

WASHINGTON, United States (CMC) — Jamaica is the only Caribbean Community (CARICOM) country that will benefit from an Inter-American Development Bank (IDB) multimillion-dollar-funded regional Energy Efficiency Green Bond Facility. The IDB said that it has approved financing to establish the facility and that the programme was selected to receive up to US$217 million in additional [...]

By | 2015-11-30T16:45:58+00:00 November 30th, 2015|

ESET, JPS Not Worried By Bankruptcy

LIGHT AND power providers, the Jamaica Public Service Company (JPS) said yesterday that it is getting independent advice from its lawyers on whether to proceed with a contract with Spanish firm Abengoa to construct its power plant at Old Harbour, St Catherine. Kelly Tomblin, the chief executive officer of JPS said yesterday that its shareholders [...]

By | 2015-11-29T19:20:31+00:00 November 29th, 2015|

JPS 190MW Plant A US$300m Project – LNG Facility Won’t Harm Health Or Fish Stock, Residents Assured

The JPS power plant in Old Harbour Bay, St Catherine. Ian Allen Continuous tests as well as monitoring of the construction and commercial operation of the gas-fired 190-megawatt power plant to be developed by Jamaica Public Service Company (JPS) at Old Harbour Bay, St Catherine, have been promised, amid public concerns that the facility could [...]

By | 2015-11-28T17:41:45+00:00 November 28th, 2015|

With question mark over Abengoa…

JPS to open discussions with other renewable vendors The Jamaica Public Service (JPS) yesterday announced that it will be engaging in discussions with other renewable vendors to ensure execution of the planned energy 190 MW Power Plant in Old Harbour, St. Catherine. Chief Executive Officer, Kelly Tomblin in a press release advised the public that [...]

By | 2015-11-27T18:21:47+00:00 November 27th, 2015|

Pot Can’t Call The Kettle Black, JPS Says It Won’t Jump The Gun On Abengoa Bankruptcy Proceedings

  Although Abengoa, the Spanish company selected as the preferred bidder to build a major power plant in Jamaica, has initiated steps that could lead to a bankruptcy declaration, Jamaica Public Service Company CEO Kelly Tomblin is not yet ready to call it quits on the multinational corporation. Reacting to news of the bankruptcy proceedings [...]

By | 2015-11-26T15:29:20+00:00 November 26th, 2015|

UPDATE 3-Spain’s Abengoa starts insolvency proceedings, shares dive

* Abengoa has 4 months to reach deal with creditors * Shares plummet 54 pct, bonds virtually worthless * Abengoa's bankruptcy would be Spain's largest on record (Adds Abengoa removed from Ibex, details on company) MADRID, Nov 25 Spain's Abengoa started insolvency proceedings on Wednesday after a potential investor said it would not inject fresh [...]

By | 2015-11-25T22:42:09+00:00 November 25th, 2015|

As prices fall… BOJ predicts oil price rise in early 2016

  WEST Texas intermediate benchmark pricing for crude was a low of US$42.63 per barrel yesterday and Wall Street analysts continue to predict a further slump into the new year. But the Bank of Jamaica (BOJ) is convinced otherwise. The bank said in its latest quarterly monetary policy report (QMPR) that prices of international commodities, [...]

By | 2015-11-25T14:28:41+00:00 November 25th, 2015|

JPS Announces Preferred Bidder For Old Harbour Plant

  The Jamaica Public Service Company Limited (JPS) has announced the selection of Spanish firm Abengoa as the preferred bidder to build the 190 megawatt Combined Cycle plant in Old Harbor, St Catherine.  The announcement follows the approval by the Electricity Sector Enterprise Team for the company to start negotiations with US-based New Fortress Energy [...]

By | 2015-11-20T16:10:14+00:00 November 20th, 2015|

Apple will run all its operations in Singapore on Solar Power

Apple will power all its operations in Singapore—including its first retail location in there–with renewable energy. The iPhone maker confirmed to Reuters on Sunday (Nov. 15) that Singapore-based solar developer Sunseap Group will provide it with 100% renewable electricity from solar energy systems built atop more than 800 buildings. The systems will generate 50 megawatts [...]

By | 2015-11-19T18:58:35+00:00 November 19th, 2015|