36 / 56
30
Renewable Sources
Efforts to promote the use of renewable energy sources such as
Solar andWind will continue with the development of Standardised
Net Billing Contracts and the necessary legal and regulatory
frameworks strengthened to facilitate private investment in these
areas.
•
A Waste to Energy Project will be pursued and implemented
•
Hydroelectric Power Projects, in particular the Mahogany
Vale Project, will be pursued
•
Other fuel sources will continue to be evaluated and
analysed.
Helping Business to Become More Energy
Efficient
We will continue to focus on the modernisation and upgrading
of the electricity generation sector according to the Least Cost
Expansion Plan, requiring local operators to replace or upgrade
obsolete units.
The DBJ will be encouraged to deepen its links with Small
Business Enterprises to provide technical assistance to and
promote the use of the J$1 Billion SME Energy Loan Facility to
foster energy efficiency.
We will see to the provision of credit facilities at concessionary
interest rates, especially in the MSME sector, to improve their
energy conservation efforts.
Renegotiation of the JPS License will include provisions for Net
Billing and Power Wheeling.
Getting the Best Price for Costly Imports
A Strategic Review will be conducted at the Petrojam Refinery to
ensure that it is serving its mandate to the people of Jamaica and
to ensure that fuel users pay the most competitive price for all
types of fuel. The petroleum reference price mechanism will again
be reviewed in light of new developments in the global energy
markets and the best policy implemented.
We will pursue negotiations with the United States government to
make Jamaica a hub for purchase and distribution of LNG.