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Gov’t moves closer to renewable energy market

The government is moving to liberalise the renewable energy market with amendments to the Petroleum Corporation of Jamaica Act.

The parliament is being asked to back a resolution tabled by Energy Minister Phillip Paulwell aimed at breaking the PCJ’s monopoly on renewable energy initiatives in the island.

The resolution, titled the Petroleum Corporation of Jamaica extension of functions amendment order 2012, was tabled in the House of Representatives on Tuesday.

Speaking with our news centre, Paulwell explained that at present the PCJ is the only authorised body which can institute renewable energy projects.

He said with the amendment, players will no longer be required to get the backing of the PCJ to set up renewable energy projects and to sell electricity to the national grid.

The government has said it will be stepping up its drive to expand Jamaica’s energy mix, as the country seeks to diversify its energy sources in light of the high cost and impact of oil.

The government is aiming to introduce Liquefied Natural Gas by 2014.

Paulwell is to update the nation on the progress of the project, when he makes his contribution to the sectoral debate next week.


Category/ies:Jamaica News.
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