JPSCo Receives New Electricity Licence
By: , January 28, 2016The Key Point:
Photo: Donald Delahaye
Science, Technology, Energy and Mining Minister, Hon. Phillip Paulwell (centre), hands over Energy Licence, 2016 to Jamaica Public Service Company Limited (JPSCo) Board Chairman, Chang Jo (third left), at his New Kingston office on January 27. Others (from left) are: Deputy Chairman of the Office of Utilities Regulation (OUR) Noel daCosta; Permanent Secretary in the Ministry, Hilary Alexander; Board Director of the JPSCo, Tatsuya Ozono; Chief Technical Director in the Science, Technology, Energy and Mining Ministry, Michelle Forbes; State Minister in the Ministry, Hon. Julian Robinson; Solicitor General, Nicole Foster-Pusey, and Chairman of the Electricity Sector Enterprise Team (ESET), Dr. Vincent Lawrence.The Facts
- The Minister was addressing a press conference to hand over the Electricity Licence to the JPSCo. The new licence will also enable the JPSCo to earn profits in a fair and transparent manner.
- The company’s Board Director, Tatsuya Ozono, said the licence would enable the energy company and the energy sector to remain viable.
The Full Story
The Science, Technology, Energy and Mining Ministry has awarded the Jamaica Public Service Company Limited (JPSCo) the 2016 Electricity Licence, which will allow for significant changes in the sector.
Last year, Cabinet approved recommendations for changes to be made to both the Amended and Restated All-Island Electric Licence 2011 and the Office of Utilities Regulation Act, to accommodate a redesigned tariff structure guided by Government policy, among other things.
The Amended and Restated All-Island Electric Licence 2011 will now be called the Electricity Licence, 2016.
“What we have now are terms that will enable greater investment, greater security and for the country to benefit. The new licence also recognizes the role of renewable energy and certain commitments in relation to public street lighting,” said Science, Technology, Energy and Mining Minister, Hon. Phillip Paulwell.
The Minister was addressing a press conference to hand over the Electricity Licence to the JPSCo. The new licence will also enable the JPSCo to earn profits in a fair and transparent manner.
Meanwhile, JPSCo Board Chairman, Chang Jo, said his company would do its best to contribute to the country by building successful new projects.
The company’s Board Director, Tatsuya Ozono, said the licence would enable the energy company and the energy sector to remain viable.
For his part, Chairman of the Electricity Sector Enterprise Team (ESET), Dr. Vincent Lawrence, said the licence would enable the delivery of electricity at much reduced prices, utilizing liquefied natural gas (LNG) in 2018.
