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 13
Business Overview 13
Major Products and Services 14
History 15
SWOT Analysis 20
Overview 20
Jamaica Public Service Co Ltd Strengths 20
Integrated Operations 20
Improved Performance 20
Jamaica Public Service Co Ltd Weaknesses 20
Increasing Trade Receivables 20
Jamaica Public Service Co Ltd Opportunities 21
Business Initiatives 21
Caribbean Centre for Renewable Energy and Energy Efficiency 21
Investment Opportunities in Energy Sector: Jamaica 21
Jamaica Public Service Co Ltd Threats 21
Environmental Laws and Regulations 21
Transmission and Distribution Network Safety 21
Operational Issues 21
Key Employees 23
Key Employee Biographies 25
Company Statement 26
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
Acquisition 30
Jamaica to Sell 19.9% Stake in Jamaica Public Service 30
Recent Developments 31
Jamaica Public Service Co Ltd – Recent Developments 31
Jan 29, 2018: JPS Now Jamaica’s 360 Energy Provider – Company providing range of energy solutions 31
May 28, 2014: Energy Minister Paulwell to Officially Open New JPS Hydroelectric Power Plant in St. Elizabeth 31
Dec 04, 2010: West Kingston Power To Construct Thermal Power Plant In Kingston, Jamaica 31
Feb 08, 2010: JPS Plans To Develop Munro Wind Energy Project 31
Jan 28, 2010: JPS To Build New Wind Energy Project In Jamaica 32
Nov 17, 2008: JPS To Build Hydro And Wind Power Projects 32
Nov 16, 2008: JPS To Build Two Projects To Add More Than 9 MW Of Renewable Energy 32
Dec 17, 2013: Wood Group GTS completes $2M maintenance and optimization solution for Jamaican power station 33
Mar 30, 2010: JPS Reports Net Profit Of $42.2 million In 2009 33
Jun 25, 2009: JPS Reports Operating Revenues Of $988.2 Million In 2008 34
May 16, 2018: Vernon Douglas Appointed CFO at JPS 34
May 07, 2018: JPS Carrying Out Upgrading Works in St. Ann 34
Apr 06, 2018: More Legal Electricity Users in Fyffe’s Pen 35
Mar 26, 2018: 100,000 Smart Meters to be rolled out Island wide in 2018 – J$2.4 Billion Investment 35
Mar 15, 2018: JPS Reports Alligator Pond Turnaround – Dramatic Fall in Electricity Theft 35
Mar 01, 2018: Jamaica slates hybrid energy storage project for 2019 36
Feb 28, 2018: ABB microgrid supports Jamaica’s transition to renewables 36
Feb 22, 2018: Ground Breaking this week for US$21.6M Hybrid Energy Storage Facility 36
Feb 19, 2018: New 190MW Power Plant Over 40% Complete 37
Feb 05, 2018: 35,000 LED street lights to be installed this year 37
Jan 12, 2018: JPS Region West Director, T’Shura Gibbs Resigns 37
Jan 09, 2018: JPS Surpasses the 2017 LED Streetlight Target 37
Dec 18, 2017: JPS System Upgrades for Trelawny and St. Ann Near Completion – Part of US$3.4M Upgrading and Reliability Programme 38
Jul 30, 2017: Jamaica Public Service to spend US$100 million to reduce energy costs 38
Jun 19, 2017: JPS Board Approves Ground Breaking Energy Solution for Jamaica 38
Jun 08, 2017: JPS Board Announces Appointment of New CEO 38
May 31, 2017: Office of Utilities Regulation orders Jamaica Public Service to take measures for preventing power outage 39
May 26, 2017: JPS energy storage project request for proposals 39
May 18, 2017: Jamaica Public Service restores power supply to about 18,000 households 39
May 09, 2017: New JPS chairman appointed 39
Apr 07, 2017: Historic Groundbreaking for 190MW Plant set for Friday April 7: JPS 40
Sep 23, 2016: Request for Proposal Energy Efficiency Conversion Installation and Follow-on Warranty and Maintenance Services 40
Sep 12, 2016: Jamaica Public Service Company announces request for proposals: Supply of smart LED streetlights 40
Aug 30, 2016: JPS to Discuss Preliminary Findings of Outage Investigation with OUR 40
Aug 12, 2016: JPS Spends Over $140M to Repair Streetlights Since the Start of the Year 41
Aug 05, 2016: JPS announces arrival of Natural Gas for Bogue Power Plant 41
Jul 14, 2016: JPS Launches J$620M Smart Meter Roll-out 20,000 Customers to Benefit 41
Jun 13, 2016: Electricity Prices Increase Due to Rising Fuel Costs 42
Jun 09, 2016: Jamaica Public Service launches desalination unit at Rockfort power plant 43
Jun 09, 2016: JPS Among Lowest Electricity Rates in the Region 43
May 09, 2016: Jamaica Public Service Company Selects Silver Spring Networks for Smart Grid Program 44
May 06, 2016: Bogue Power Plant Now Ready to Use Natural Gas 44
May 03, 2016: Gary Barrow appointed Chief Technical Officer of JPS 44
May 03, 2016: Gary Barrow Appointed Chief Technical Officer of JPS 44
Mar 28, 2016: JPS Advises of Possible Load Shedding While Bogue Power Plant Is Being Converted to Use Natural Gas 45
Mar 20, 2016: Significant Milestone Reached on 190MW gas-fired Power Plant: JPS 46
Jan 21, 2016: JPS Commences Conversion Works at Bogue Power Plant 46
Dec 17, 2015: JPS in Final Stages of Negotiation with Newly Selected Bidder for the 190 MW Plant in Old Harbour 47
Nov 26, 2015: JPS Stands Prepared with Alternative to Abengoa – 190 MW Plant Remains on Track 47
Nov 23, 2015: JPS to Host Public Meeting on 190 MW Power Plant 47
Oct 10, 2015: Launch of Historic Bogue Conversion Project Takes Place On October 13 48
Sep 17, 2015: 30% Reduction in Electricity Rates in One Year: September 2014 to September 2015 48
Aug 07, 2015: JPS Invests Over $J1 Billion in Overhaul of Old Harbour Bay Unit – Customers to Benefit from Improved Reliability 48
Jul 07, 2015: JPS Teams Working to Restore Supply to Sections of Kingston & St Catherine 49
Jun 29, 2015: JPS Appeals for Proper Balance in Integration of Renewables 49
Jun 12, 2015: Minna Israel Appointed To JPS Board Of Directors 49
Jun 09, 2015: GCT on Residential Electricity Usage over 350 kWh Starts This Month 49
May 22, 2015: JPS’ President & CEO elected to CARILEC Board 50
May 20, 2015: JPS to Invest $87 million in RAMI upgrades In Flanker and other Communities 50
Apr 23, 2015: JPS Appoints VP Community Renewal Energy Solutions 50
Mar 31, 2015: JPS Opens Service Centre and Turns on LED Streetlights in McGregor Gardens 51
Feb 12, 2015: JPS Customers to Pay Lowest Fuel and IPP Rate in Five Years! 51
Feb 06, 2015: JPS Committed to 190MW Plant 51
Jan 23, 2015: JPS Distributes Free Energy Efficient Bulbs to Some Customers 52
Jan 11, 2015: JPS Receives Innovation Award from JPCA 52
Dec 18, 2014: Second Largest Hybrid Renewable System in Jamaica Officially Commissioned 53
Nov 25, 2014: JPS Offers Rewards for Energy Conservation 53
Nov 21, 2014: JPS & JSIF Historic Agreement To Fight Electricity Theft Gets The Support of Political Leaders 53
Jun 26, 2014: US$90M Investment in 34MW Wind Power Plant for Jamaica 54
Apr 15, 2014: EWI secures licence to supply electricity to Jamaica PSC 54
Aug 09, 2013: OUR opens bids for 360MW power project in Jamaica 54
Feb 15, 2013: JPS Provides Update On Maggotty Hydro Power Plant Development In Jamaica 55
Mar 07, 2012: JPS Forms Renewable Energy Integration Group 55
Mar 05, 2012: JPS Announces Board Changes 55
Feb 17, 2012: JPS Gives Details Of Plans To Reduce Electricity Cost 56
Dec 20, 2011: JPS Announces Development Of New Hydroelectric Power Plant In Maggotty, Jamaica 57
Dec 13, 2011: JPS Welcomes OUR’s Approval For Construction Of 360 MW Gas-fired Power Plant In Old Harbour Bay, Jamaica 57
Oct 14, 2011: JPS Announces Resignation Of Damian Obiglio As President And CEO 57
Apr 01, 2011: JPS Unveils New Hydroelectric Plan To Maggotty Residents 57
Mar 14, 2011: JPS To Add 6.3 MW Of Hydropower At Maggotty, Jamaica 58
Nov 22, 2010: JPS Selects Amperion For Feeder Metering Communications Pilot Project 58
Oct 15, 2010: JPS Commissions Munro Wind Farm 58
Oct 11, 2010: JPS To Commission Munro Wind Farm 59
Sep 10, 2010: JPS Completes Installation Of Wind Turbines At Munro Wind Farm In Jamaica 59
Jul 14, 2010: JPS Erects First Wind Turbine For Wind Farm In St. Elizabeth, Jamaica 59
Jun 04, 2010: JPS Announces Arrival Of Wind Turbine Components For Munro Wind Project 59
Dec 28, 2008: Jamaica Needs 75% More Power: OUR 59
May 22, 2018: Itron to Provide Nationwide Smart Grid Solution for Jamaica 60
Sep 15, 2017: Marubeni : Jamaican utility signs PPA for 37MW project 60
Mar 17, 2017: JPS Signs Power Purchase Agreement with Solar Developer, Eight Rivers Energy 60
Oct 17, 2016: TSK to build the largest combined cycle plant in Jamaica 61
Sep 22, 2016: JPS Finalizes Agreement for Equipment and Financing for New Power Plant 61
Feb 23, 2016: Jamaica Public Service selects OSI for next generation ADMS 61
Nov 20, 2015: JPS New 190MW Power Plant on Target With Selection of Gas Supplier and Contractor for Plant Construction 61
Nov 12, 2015: New Fortress Energy to provide LNG for new power station at Old Harbour, Jamaica 62
Aug 07, 2015: JPS Finalizes Gas Agreement With New Fortress Energy 62
Jun 15, 2015: JPS Identifies Preferred Gas Supplier for Bogue Power Station 63
Sep 18, 2014: Historic Power Purchase Agreements signed between JPS and Renewable Energy Providers, including Jamaica’s First Solar Energy IPP 64
May 30, 2014: WindStream Technologies and Jamaica Public Service Company Expand Their Offerings for Renewable Energy 64
Jul 23, 2013: Agreement Signed to Bring Cheaper Gas to Bogue Power Plant 64
Jul 16, 2013: Jamaican Utility Reduces Impact of Major Storms on its Citizens with Ventyx Solutions 65
Dec 12, 2007: JPS Selects Trilliant For AMI Solutions 66
Appendix 67
Report Scope 67
GlobalData Coverage 67
Benchmarking 67
GlobalData’s Methodology 67
Secondary Research 67
Primary Research 68
Contact Us 68
Disclaimer 68
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 14
Jamaica Public Service Co Ltd, SWOT Analysis 20
Jamaica Public Service Co Ltd, Key Employees 23
Jamaica Public Service Co Ltd, Deals Summary 29
Jamaica to Sell 19.9% Stake in Jamaica Public Service 30
