• JIS News

    The series of public consultations on the five sub-policies of the National Energy Policy are generating a lot of interest from the private sector.
    Minister of State in the Ministry of Energy and Mining, Hon. Laurence Broderick told JIS News that overseas investors are now more confident in coming to Jamaica to invest, because a policy is now more clearly enunciated.
    “Once you have the institutional, regulatory and legal capacity in place, this offers the investor the comfort that he’s not in a free fall situation. Jamaica is going to look very attractive,” he said.
    Jamaica’s first National Energy Policy was recently tabled in the House of Representatives in draft form, and public consultations are being held to get the input of citizens on five sub-policies.
    These include Energy from Waste; Trading of Carbon Credits; Energy Efficiency and Conservation; Bio-fuels; and Renewable Energy. The sixth sub-policy – Electricity Generation – has not yet been drafted as discussions are still in progress.
    Mr. Broderick said that with the five sub-policies currently receiving attention through the consultations, the country was way ahead in the process. “We’re sufficiently on the way. An investor can come to Jamaica and confidently look at us as a potential place to invest,” he said.
    The State Minister pointed out that since energy had a bearing on every aspect of economic development, including manufacturing, agriculture and transportation, Jamaicans need to be more aware of the efforts being made to have a policy in place.
    Mr. Broderick said that the turnout at the consultations, particularly by stakeholders in the private sector, was a clear indication that they are interested in opportunities that will be available for investment.
    “It clearly shows that they are keen on the opportunities for our local businessmen to invest in waste to energy, solar and bio-fuels. We also had a number of participants who are involved in aspects of renewable (energy), by way of investment,” he said.
    Six consultations have so far been held on the draft policy.