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JPS to make US$500 million investment in upgrade, new generating plant
...will mean lower rates for customers
By Alicia Roache roachea@jamaicaobserver.com
Friday, January 14, 2011
The Jamaica Public Service Company (JPS) will engage in over US$500 million worth of investments in order to modernise and make more efficient its operations here.
The investment will amount to more than half of the JPS' total assets, CEO of the electricity company Damian Obiglio told journalists at a press conference held at the company's headquarters yesterday.
Obiglio said this would translate into lower cost of electricity generation and lower costs to its customers.
In an overview of the company's corporate strategy, Obiglio said among the things that JPS aims to do over the next five years is to improve the quality of its customer service and customer satisfaction, improve operational efficiency, reduce system losses and modernise its units. He said the company has already invested US$491 million since 2001 in the transmission and distribution network and added 160mw of generating capacity. The US$ 500 million investment is part of a competitive bid process which the company is undertaking to build out another generating plant.
Read more: http://www.jamaicaobserver.com/busin...#ixzz1B08SFdDa
Bittah1 continuing di positive vibe..
...will mean lower rates for customers
By Alicia Roache roachea@jamaicaobserver.com
Friday, January 14, 2011
The Jamaica Public Service Company (JPS) will engage in over US$500 million worth of investments in order to modernise and make more efficient its operations here.
The investment will amount to more than half of the JPS' total assets, CEO of the electricity company Damian Obiglio told journalists at a press conference held at the company's headquarters yesterday.
Obiglio said this would translate into lower cost of electricity generation and lower costs to its customers.
In an overview of the company's corporate strategy, Obiglio said among the things that JPS aims to do over the next five years is to improve the quality of its customer service and customer satisfaction, improve operational efficiency, reduce system losses and modernise its units. He said the company has already invested US$491 million since 2001 in the transmission and distribution network and added 160mw of generating capacity. The US$ 500 million investment is part of a competitive bid process which the company is undertaking to build out another generating plant.
Read more: http://www.jamaicaobserver.com/busin...#ixzz1B08SFdDa
Bittah1 continuing di positive vibe..
