Jerome Reynolds, Gleaner Writer
The Jamaican and Venezuelan governments are to work out a new payment deal under PetroCaribe, which could see Jamaican cement being sold in that market under a special arrangement.
The Energy Minister, Phillip Pauwell says, the Venezuelan government gave its assurance the deal will continue during a PetroCaribe summit on the weekend.
Paulwell says the Jamaican Government is grateful for the continuation of the deal by the
Daraine Luton, Senior Staff Reporter THE TARGETED reduction of the consumption of energy within the public sector last year failed to meet the announced objective, falling short by two thirds. Energy Minister Phillip Paulwell told Daraine Luton, Senior Staff Reporter THE TARGETED reduction of the consumption of energy within the public sector last year failed to meet the announced objective, falling short by two thirds. Energy Minister Phillip Paulwell told THE Government, after more than 10 years trying to divest the Petroleum Company of Jamaica Limited (Petcom), has set up an enterprise team for the privatisation of the entity. “Mr Erwin Jones, chairman of Petrojam, will lead this team. We are currently having a valuation of the company’s assets done and we will announce more as information becomes available,” Energy Minister Phillip Paulwell told Parliament yesterday during his contribution to the 2013/14 Budget Debate at Gordon House in Kingston.
Paulwell, arguing that Petcom has been a strategic asset in the petroleum marketing sector, said he hoped that the entity would remain a strong player in the market. “Again, I encourage local investors to participate in the ownership of this important Jamaican asset,” the minister told the House. Petcom Beginning in June, the Government will commence accepting bid submissions from investors to develop projects aimed at generating up to 115 megawatts of energy from renewable sources, which could potentially reduce Jamaica A new entity to replace the Rural Electrification Programme (REP) has been mandated to develop renewable energy solutions for Jamaicans who live too far from the national power Gary Spaulding,