Wigton Windfarm Limited’s (WWFL) plans to start expansion this year.
WWFL projects that it will generate additional energy of 63 gigawatt-hours (GWh) per year from an extra capacity of 24 megawatts (MW) by 2015.
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Wigton Phase III is slated to start this year
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That would increase its existing capacity of 38.7 MW by 62 per cent.
Last year, the wholly-owned subsidiary of Petroleum Corporation of Jamaica said studies indicate that energy from Wigton III can be translated into 72,141 barrels of oil being avoided (saved) annually, as well as 102,248 tonnes of carbon dioxide not being emmitted .
Under the new phase, WWFL intends to focus on developing potential sites at Great Valley by itself or by a third party.
Exploratory work on Wigton IV was also slated to be pursued and will focus on potential sites North or Wigton, according to last year’s estimates.
Electricity produced from wind energy is sold to the Jamaica Public Service under a power-purchase-agreement and is projected to generate revenues of $1.1 billion this fiscal year, or $7 miilion less than the last year.
WWFL also plans to add an additional revenue stream in the form of training to stakeholders. According to the estimates, “this arose from the need to develop more expert engineers locally in light of expansion of the renewable energy industry and the desire to create jobs.”
“The company aims to continue to observe efficiency in its operations and maintain a relatively steady profit margin,” said the estimates of revenue and expenses for 2013/2014. “As such as surplus of $163 million is being projected this year.”
The windfarm is mandated to provide and facilitate increased wind power and other renewable energy usage to generate electricity thereby diversifying Jamaica’s energy mix.
Though the renewable energy target for 2015 is 12.5 per cent, in accordance with the National Energy Policy as part of Vision 2030, WWFL said the government’s energy output will increase to 9.36 per cent during the year that ends next year March, up from seven per cent, according to the estimates of revenue and expenditure for the year ending March 2014.
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Governor General, His Excellency the Most Hon. Sir Patrick Allen inspects the guard of honour before delivering the 2013/14 Throne Speech during the State Opening of Parliament held on Thursday, April 4, at Gordon House.
Governor General, His Excellency the Most Hon. Sir Patrick Allen, says the much anticipated construction of a 360-megawatt electricity capacity plant will commence this calendar year.
The Governor General, who was delivering the Throne Speech to mark the opening of the 2013/14 Parliamentary Year at Gordon House on Thursday morning, April 4, said the new facility will replace
The Jamaica Public Service Company (JPS) is urging the Office of Utilities Regulation
The Office of Utilities Regulations (OUR) has pushed back the date for providing a recommendation to the government on the supply of 360 megawatts of power to the national grid.
The OUR says it decided to move the deadline from March 31 to April 15 after it received more proposals than expected.
According to the OUR, it has received proposals from five entities which will require more time for it to carry out its analysis.
The OUR says it has engaged the services of an independent consultant to assist in evaluating the proposals.
The 360 megawatts project is part of efforts by the government to bring down the cost of electricity.
The project was originally awarded to the Jamaica Public Service Company but the request for proposal process was reopened after the light and power entity failed to satisfy all the requirements of the bid.
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THE Jamaica Public Service (JPS) says customers will see a 10 per cent hike in their electricity bills this month, largely due to higher fuel costs and the depreciation of the Jamaica dollar.
“The high cost of the fuel bought from Petrojam to produce electricity, along with the continued devaluation of the Jamaican dollar, have resulted in an increase of approximately 10 per cent on customers’ March bills, relative to the bills they received in February,” the light and power company said in a release last night.
Investors willing to pump capital into renewable energy projects in Jamaica won’t have to make a one per cent downpayment when making their bids to the regulator.
In stead, they will have to submit the proposal security of one per cent of the total project cost to the Office of Utilities Regulation (OUR) after their project has been given the greenlight.
KINGSTON, Jamaica
The Office of Utilities Regulation (OUR) has given the Jamaica Public Service Company (JPS) until March 15 to submit the details of an alternative proposal for supplying 360 megawatts of power to the national grid.
Earlier this month, the OUR had announced it had ended the request for proposal process with the JPS for the 360 megawatts power plant.
A day after missing the January 30 deadline to provide final details of how it would undertake the project, the JPS had made an alternative proposal to the OUR.
But in a release last night the OUR said the company