JIS News

Story Highlights

  • Through the Energy Portfolio, government’s strategic policy goal of providing real assets to private citizens and entities through listing on the Jamaican Stock Market has begun to take shape with the imminent initial public offering of Wigton Wind Farms Limited and a policy decision is now being finalized to similarly list the government’s shares in JPS.
  • The Government has made several policy changes which will improve governance generally, including changes to, Corporate Social Responsibility and Donations Policy, the appointment of Boards, travel of Board Members, restrictions on the use of retainer contracts and restrictions on the use nondisclosure clauses in HR/Personnel matters.
  • While there is still much more work to be done to restore the public trust and confidence in Petrojam and the portfolio generally, I believe we have come a far way. I am therefore confident that with the changes set in motion, I can now refocus my attention and effort on other pressing areas of the government, particularly crime, ease of doing business, and completing the extensive infrastructure programme undertaken.

Since taking over the Energy, and Science and Technology Portfolios in July 2018, significant policy, governance and administrative advances have been made.

Through the Energy Portfolio, government’s strategic policy goal of providing real assets to private citizens and entities through listing on the Jamaican Stock Market has begun to take shape with the imminent initial public offering of Wigton Wind Farms Limited and a policy decision is now being finalized to similarly list the government’s shares in JPS.

The Boards of all the agencies falling under the Portfolios have to be reconstituted where necessary and appropriately missioned. The Board of NESOL limited has been instructed to start the process of closing down the entity as a part of the agreed Public Sector Reform programme. Yesterday, I tabled in the House of Representatives, legislation to acquire the 49% share of Venezuela’s in Petrojam.

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Hon. Floyd Green, MP, Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries

 

Hon. Alando Terrelonge, MP, Minister of State in the Ministry of Education, Youth and Information

This is a major step to secure the viability and value of our national asset in the Petrojam. The Review Commission which I established to explore and advise the Government on the future options for Petrojam has begun its work and is on track to deliver its finding.  I have ordered a forensic audit into oil losses at the entity and I signed off on draft terms of reference to be circulated and commented on by stakeholders before finalization.  The Board of Petrojam was completely reconstituted and charged to:

  • ensure strict adherence to government policies and guidelines,
  • return the entity to its full operating capacity and efficiency,
  • restore staff morale,
  • reduce losses,
  • ensure the reliable supply of fuel to the Jamaican market, and
  • most important, ensure that Petrojam does not become call on the public purse.

The Government has made several policy changes which will improve governance generally, including changes to, Corporate Social Responsibility and Donations Policy, the appointment of Boards, travel of Board Members, restrictions on the use of retainer contracts and restrictions on the use nondisclosure clauses in HR/Personnel matters.

While there is still much more work to be done to restore the public trust and confidence in Petrojam and the portfolio generally, I believe we have come a far way. I am therefore confident that with the changes set in motion, I can now refocus my attention and effort on other pressing areas of the government, particularly crime, ease of doing business, and completing the extensive infrastructure programme undertaken.

It, therefore, gives me great pleasure to announce, effective February 14, 2019, the following:

  • Minister Fayval Williams will now assume full responsibility in the Ministry of Energy, Science and Technology.
  • Minister of State Floyd Green will be assigned to the Ministry of Industry Commerce, Agriculture and Fisheries.
  • Minister of State Alando Terrelonge will be Assigned to the Ministry of Education Youth and Information.
  • Permanent Secretary Carol Palmer, will be assigned to the Ministry of Energy Science and Technology.
  • Permanent Secretary Sancia Templer Bennett will be assigned to the Ministry of Justice.
  • Permanent Secretary Audrey Sewell will take up an additional assignment at the Office of the Prime Minister.