Table of Contents
Table of Contents 2
List of Tables 5
Company Snapshot 6
Key Information 6
Company Overview 6
SWOT Snapshot 6
Operational Metrics 7
Jamaica Public Service Co Ltd, Operational Metrics, By Generation 7
Jamaica Public Service Co Ltd, Operational Metrics, By Customers 7
Jamaica Public Service Co Ltd, Operational Metrics, By Segmental Information 7
Jamaica Public Service Co Ltd, Wind Farms 8
Jamaica Public Service Co Ltd, Wind Farms, Jamaica 8
Jamaica Public Service Co Ltd, Solar PV Parks 9
Jamaica Public Service Co Ltd, Solar PV Parks, Jamaica 9
Jamaica Public Service Co Ltd, Hydro Power Plants 10
Jamaica Public Service Co Ltd, Hydro Power Plants, Jamaica 10
Jamaica Public Service Co Ltd, Thermal Power Plants 11
Jamaica Public Service Co Ltd, Thermal Power Plants, Jamaica 11
Business Description 12
Business Overview 12
Major Products and Services 13
History 14
SWOT Analysis 19
Overview 19
Jamaica Public Service Co Ltd Strengths 19
Integrated Operations 19
Working Capital Surplus 19
Jamaica Public Service Co Ltd Weaknesses 19
Dependence on Oil and Diesel Plants 19
Increasing Trade Receivables 20
Jamaica Public Service Co Ltd Opportunities 20
Strategic Agreements 20
Caribbean Centre for Renewable Energy and Energy Efficiency 20
Investment Opportunities in Energy Sector: Jamaica 20
Jamaica Public Service Co Ltd Threats 20
Environmental Laws and Regulations 20
Transmission and Distribution Network Safety 21
Operational Issues 21
Key Employees 22
Key Employee Biographies 24
Company Statement 25
Locations And Subsidiaries 28
Head Office 28
Financial Deals Landscape 29
Jamaica Public Service Co Ltd, Deals Summary 29
Jamaica Public Service Co Ltd, Power, Deal Details 30
Asset Transactions 30
JPS To Build US$594.4 Million Combined Cycle Modern Power Project In Jamaica 30
Acquisition 31
Jamaica to Sell 19.9% Stake in Jamaica Public Service 31
Korea East-West Power Completes Acquisition Of 40% Interest In Jamaica Public Service From Marubeni 32
Recent Developments 33
Jamaica Public Service Co Ltd – Recent Developments 33
May 28, 2014: Energy Minister Paulwell to Officially Open New JPS Hydroelectric Power Plant in St. Elizabeth 33
Dec 04, 2010: West Kingston Power To Construct Thermal Power Plant In Kingston, Jamaica 33
Feb 08, 2010: JPS Plans To Develop Munro Wind Energy Project 33
Jan 28, 2010: JPS To Build New Wind Energy Project In Jamaica 33
Nov 17, 2008: JPS To Build Hydro And Wind Power Projects 34
Nov 16, 2008: JPS To Build Two Projects To Add More Than 9 MW Of Renewable Energy 34
Dec 17, 2013: Wood Group GTS completes $2M maintenance and optimization solution for Jamaican power station 34
Mar 30, 2010: JPS Reports Net Profit Of $42.2 million In 2009 35
Jun 25, 2009: JPS Reports Operating Revenues Of $988.2 Million In 2008 35
Dec 18, 2017: JPS System Upgrades for Trelawny and St. Ann Near Completion – Part of US$3.4M Upgrading and Reliability Programme 36
Jul 30, 2017: Jamaica Public Service to spend US$100 million to reduce energy costs 36
Jun 19, 2017: JPS Board Approves Ground Breaking Energy Solution for Jamaica 36
Jun 08, 2017: JPS Board Announces Appointment of New CEO 36
May 31, 2017: Office of Utilities Regulation orders Jamaica Public Service to take measures for preventing power outage 37
May 26, 2017: JPS energy storage project request for proposals 37
May 18, 2017: Jamaica Public Service restores power supply to about 18,000 households 37
May 09, 2017: New JPS chairman appointed 37
Apr 07, 2017: Historic Groundbreaking for 190MW Plant set for Friday April 7: JPS 38
Sep 23, 2016: Request for Proposal Energy Efficiency Conversion Installation and Follow-on Warranty and Maintenance Services 38
Sep 12, 2016: Jamaica Public Service Company announces request for proposals: Supply of smart LED streetlights 38
Aug 30, 2016: JPS to Discuss Preliminary Findings of Outage Investigation with OUR 38
Aug 12, 2016: JPS Spends Over $140M to Repair Streetlights Since the Start of the Year 39
Aug 05, 2016: JPS announces arrival of Natural Gas for Bogue Power Plant 39
Jul 14, 2016: JPS Launches J$620M Smart Meter Roll-out 20,000 Customers to Benefit 39
Jun 13, 2016: Electricity Prices Increase Due to Rising Fuel Costs 40
Jun 09, 2016: Jamaica Public Service launches desalination unit at Rockfort power plant 41
Jun 09, 2016: JPS Among Lowest Electricity Rates in the Region 41
May 09, 2016: Jamaica Public Service Company Selects Silver Spring Networks for Smart Grid Program 42
May 06, 2016: Bogue Power Plant Now Ready to Use Natural Gas 42
May 03, 2016: Gary Barrow appointed Chief Technical Officer of JPS 42
May 03, 2016: Gary Barrow Appointed Chief Technical Officer of JPS 42
Mar 28, 2016: JPS Advises of Possible Load Shedding While Bogue Power Plant Is Being Converted to Use Natural Gas 43
Mar 20, 2016: Significant Milestone Reached on 190MW gas-fired Power Plant: JPS 44
Jan 21, 2016: JPS Commences Conversion Works at Bogue Power Plant 44
Dec 17, 2015: JPS in Final Stages of Negotiation with Newly Selected Bidder for the 190 MW Plant in Old Harbour 45
Nov 26, 2015: JPS Stands Prepared with Alternative to Abengoa – 190 MW Plant Remains on Track 45
Nov 23, 2015: JPS to Host Public Meeting on 190 MW Power Plant 45
Oct 10, 2015: Launch of Historic Bogue Conversion Project Takes Place On October 13 46
Sep 17, 2015: 30% Reduction in Electricity Rates in One Year: September 2014 to September 2015 46
Aug 07, 2015: JPS Invests Over $J1 Billion in Overhaul of Old Harbour Bay Unit – Customers to Benefit from Improved Reliability 46
Jul 07, 2015: JPS Teams Working to Restore Supply to Sections of Kingston & St Catherine 47
Jun 29, 2015: JPS Appeals for Proper Balance in Integration of Renewables 47
Jun 12, 2015: Minna Israel Appointed To JPS Board Of Directors 47
Jun 09, 2015: GCT on Residential Electricity Usage over 350 kWh Starts This Month 47
May 22, 2015: JPS’ President & CEO elected to CARILEC Board 48
May 20, 2015: JPS to Invest $87 million in RAMI upgrades In Flanker and other Communities 48
Apr 23, 2015: JPS Appoints VP Community Renewal Energy Solutions 48
Mar 31, 2015: JPS Opens Service Centre and Turns on LED Streetlights in McGregor Gardens 49
Feb 12, 2015: JPS Customers to Pay Lowest Fuel and IPP Rate in Five Years! 49
Feb 06, 2015: JPS Committed to 190MW Plant 49
Jan 23, 2015: JPS Distributes Free Energy Efficient Bulbs to Some Customers 50
Jan 11, 2015: JPS Receives Innovation Award from JPCA 50
Dec 18, 2014: Second Largest Hybrid Renewable System in Jamaica Officially Commissioned 51
Nov 25, 2014: JPS Offers Rewards for Energy Conservation 51
Nov 21, 2014: JPS & JSIF Historic Agreement To Fight Electricity Theft Gets The Support of Political Leaders 51
Jun 26, 2014: US$90M Investment in 34MW Wind Power Plant for Jamaica 52
Apr 15, 2014: EWI secures licence to supply electricity to Jamaica PSC 52
Aug 09, 2013: OUR opens bids for 360MW power project in Jamaica 52
Feb 15, 2013: JPS Provides Update On Maggotty Hydro Power Plant Development In Jamaica 53
Mar 07, 2012: JPS Forms Renewable Energy Integration Group 53
Mar 05, 2012: JPS Announces Board Changes 53
Feb 17, 2012: JPS Gives Details Of Plans To Reduce Electricity Cost 54
Dec 20, 2011: JPS Announces Development Of New Hydroelectric Power Plant In Maggotty, Jamaica 55
Dec 13, 2011: JPS Welcomes OUR’s Approval For Construction Of 360 MW Gas-fired Power Plant In Old Harbour Bay, Jamaica 55
Oct 14, 2011: JPS Announces Resignation Of Damian Obiglio As President And CEO 55
Apr 01, 2011: JPS Unveils New Hydroelectric Plan To Maggotty Residents 55
Mar 14, 2011: JPS To Add 6.3 MW Of Hydropower At Maggotty, Jamaica 56
Nov 22, 2010: JPS Selects Amperion For Feeder Metering Communications Pilot Project 56
Oct 15, 2010: JPS Commissions Munro Wind Farm 56
Oct 11, 2010: JPS To Commission Munro Wind Farm 57
Sep 10, 2010: JPS Completes Installation Of Wind Turbines At Munro Wind Farm In Jamaica 57
Jul 14, 2010: JPS Erects First Wind Turbine For Wind Farm In St. Elizabeth, Jamaica 57
Jun 04, 2010: JPS Announces Arrival Of Wind Turbine Components For Munro Wind Project 57
Dec 28, 2008: Jamaica Needs 75% More Power: OUR 57
Sep 15, 2017: Marubeni : Jamaican utility signs PPA for 37MW project 58
Mar 17, 2017: JPS Signs Power Purchase Agreement with Solar Developer, Eight Rivers Energy 58
Oct 17, 2016: TSK to build the largest combined cycle plant in Jamaica 58
Sep 22, 2016: JPS Finalizes Agreement for Equipment and Financing for New Power Plant 59
Feb 23, 2016: Jamaica Public Service selects OSI for next generation ADMS 59
Nov 20, 2015: JPS New 190MW Power Plant on Target With Selection of Gas Supplier and Contractor for Plant Construction 59
Nov 12, 2015: New Fortress Energy to provide LNG for new power station at Old Harbour, Jamaica 60
Aug 07, 2015: JPS Finalizes Gas Agreement With New Fortress Energy 60
Jun 15, 2015: JPS Identifies Preferred Gas Supplier for Bogue Power Station 61
Sep 18, 2014: Historic Power Purchase Agreements signed between JPS and Renewable Energy Providers, including Jamaica’s First Solar Energy IPP 61
May 30, 2014: WindStream Technologies and Jamaica Public Service Company Expand Their Offerings for Renewable Energy 62
Jul 23, 2013: Agreement Signed to Bring Cheaper Gas to Bogue Power Plant 62
Jul 16, 2013: Jamaican Utility Reduces Impact of Major Storms on its Citizens with Ventyx Solutions 63
Dec 12, 2007: JPS Selects Trilliant For AMI Solutions 63
Appendix 65
Report Scope 65
GlobalData Coverage 65
Benchmarking 65
GlobalData’s Methodology 65
Secondary Research 65
Primary Research 66
Contact Us 66
Disclaimer 66
Jamaica Public Service Co Ltd, Key Facts 6
Jamaica Public Service Co Ltd, Operational Metrics, Generation 7
Jamaica Public Service Co Ltd, Operational Metrics, Customers 7
Jamaica Public Service Co Ltd, Operational Metrics, Segmental Information 7
Jamaica Public Service Co Ltd, Wind Farms, Jamaica 8
Jamaica Public Service Co Ltd, Solar PV Parks, Jamaica 9
Jamaica Public Service Co Ltd, Hydro Power Plants, Jamaica 10
Jamaica Public Service Co Ltd, Thermal Power Plants, Jamaica 11
Major Products and Services 13
Jamaica Public Service Co Ltd, SWOT Analysis 19
Jamaica Public Service Co Ltd, Key Employees 22
Jamaica Public Service Co Ltd, Deals Summary 29
JPS To Build US$594.4 Million Combined Cycle Modern Power Project In Jamaica 30
Jamaica to Sell 19.9% Stake in Jamaica Public Service 31
Korea East-West Power Completes Acquisition Of 40% Interest In Jamaica Public Service From Marubeni 32
