The Jamaica Public Service Company, JPS, says preparatory work has started on the construction of the second Maggotty Hydroelectric Power Plant.
The plant is expected to add six megawatts to the national grid upon completion in November next year.
A statement from the power company says 30 jobs have so far been created with this number expected to increase as the project continues.
JPS has committed US$33 million to the building of the new plant
INVESTORS wanting to build out renewable energy capacity in the latest round of investments in Jamaica will have to do so by early 2015.
Up to 115 megawatts (MW) are up for grabs.
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Those who are interested to make bids will have to declare that to the Office of Utilities Regulations (OUR) by December 21.
But the request for proposal documents has set tariff caps, which could make investments in certain types of renewables lucrative, but could also mean higher electricity prices to consumers.
What’s more, even with the seemingly fast pace at which the regulator is pushing for renewables to come online
INVESTORS wanting to build out renewable energy capacity in the latest round of investments in Jamaica will have to do so by early 2015.
Up to 115 megawatts (MW) are up for grabs.
|
|
Those who are interested to make bids will have to declare that to the Office of Utilities Regulations (OUR) by December 21.
But the request for proposal documents has set tariff caps, which could make investments in certain types of renewables lucrative, but could also mean higher electricity prices to consumers.
What’s more, even with the seemingly fast pace at which the regulator is pushing for renewables to come online
