Jamaica Will Expand Its Energy Business
As the government works to fulfill the island’s optimistic Integrated Resource Plan, Jamaica is making great gains in diversifying its energy industry. The plan aims to add roughly 1600 MW of production capability to the island’s energy supplies during the next 20 years.
The goal is to allow lower energy prices and lessen the power sector’s exposure to external disturbances such as oil and gas prices. The strategy generates economic possibilities in the form of RFPs, which seek funders to meet the increased demand for power generation….