Company with Jamaican connection offers to bail out EWI
BY HG HELPS Editor-at-Large helpsh@jamaicaobserver.com
Friday, May 02, 2014
A Chinese company based here has approached the Government's investment company, Jamaica Promotions Corporation (Jampro), with a view to assist with the fallout arising from Energy World International's (EWI's) failed bid to meet all the requirements to construct a booster energy plant on the island.
A usually reliable source told the Jamaica Observer that officials of the Chinese company met with executives of Jampro in New Kingston yesterday and offered to work with the island to get the project off the ground.
"During the meeting with Jampro, the Chinese suggested that they were willing to work with EWI, and vowed that they could secure the necessary financing from China's Ex-Im Bank to get the 381-megawatt project going," the source said.
"The Chinese have said that they were also willing to meet with the Ministry of Science, Technology, Energy, and Mining as early as tomorrow (today) to get things started," the impeccable source said.
BY HG HELPS Editor-at-Large helpsh@jamaicaobserver.com
Friday, May 02, 2014
A Chinese company based here has approached the Government's investment company, Jamaica Promotions Corporation (Jampro), with a view to assist with the fallout arising from Energy World International's (EWI's) failed bid to meet all the requirements to construct a booster energy plant on the island.
A usually reliable source told the Jamaica Observer that officials of the Chinese company met with executives of Jampro in New Kingston yesterday and offered to work with the island to get the project off the ground.
"During the meeting with Jampro, the Chinese suggested that they were willing to work with EWI, and vowed that they could secure the necessary financing from China's Ex-Im Bank to get the 381-megawatt project going," the source said.
"The Chinese have said that they were also willing to meet with the Ministry of Science, Technology, Energy, and Mining as early as tomorrow (today) to get things started," the impeccable source said.
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