JPS signed a Power Purchase Agreement, with New Fortress South Power Holdings Ltd., which will be constructing a 94MW power plant on the grounds of the JAMALCO bauxite operations in Clarendon. The plant will use Liquefied Natural Gas (LNG), and will be the third such power generating facility, to be constructed in Jamaica. The other two are the JPS Bogue Power Plant in St. James and the 190 MW Plant which is being constructed in Old Harbour Bay, St. Catherine.
JPS President and CEO, Emanuel DaRosa, has confirmed that this plant will reduce emissions, lower costs and provide some protection from future oil price increases. The President also informed the audience that JPS has been investing approximately USD 65M per year, over the past five years, in improving the network. This will now be increased to about USD 100M in 2017.
The construction of the New Fortress South Power Holdings plant is scheduled to commence in 2018.
