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Story Highlights

  • Work is to continue on the development of an Energy Services Company (ESCO) Industry in Jamaica with a further budgetary allocation of $2.1 million this fiscal year.
  • It aims to develop a sustainable ESCO Industry in Jamaica by raising the level of awareness and understanding of the business of Energy Efficiency (EE) and Renewable Energy (RE).
  • The Energy Services Company (ESCO) Industry in Jamaica project is scheduled to end in March 2018.

Work is to continue on the development of an Energy Services Company (ESCO) Industry in Jamaica with a further budgetary allocation of $2.1 million this fiscal year.

The funds have been made available in the 2016/17 Estimates of Expenditure, now before the House of Representatives.

The project, which got underway in April 2012, is being implemented by the Ministry of Labour and Social Security through funding from the Government of Jamaica and the European Union (EU).

It aims to develop a sustainable ESCO Industry in Jamaica by raising the level of awareness and understanding of the business of Energy Efficiency (EE) and Renewable Energy (RE).

Other imperatives are: to introduce new business models to enable increased levels of investment in and implementation of EE and RE projects; and build dialogue, trust and confidence in the industry among  stakeholder groups.

For the 2016/17 period, it is expected that a report on the activities of the awareness building marketing contract is to be drafted and an audit of the ESCO project will be conducted by the European Union.

Up to December 2015, a National Stakeholder Conference was conducted; and 125 technical, business and public sector procurement officers were trained in energy performance contracting. A ESCO Industry Baseline Study was also completed.

The Energy Services Company (ESCO) Industry in Jamaica project is scheduled to end in March 2018.