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OUR to issue RFP for renewable energy plants

Minister of Science, Technology, Energy and Mining Phillip Paulwell says that next week, investors in renewable energy projects will be able to bid for up to 115MW of electricity generating capacity through a request for proposals (RFP) process.

The Office of Utilities Regulation (OUR) will issue the RFP on Monday, November 26 and all potential investors in large or small renewable energy installations are eligible to participate.

“The Government of Jamaica has been making steady progress in encouraging renewable energy investors, as we intend to achieve – and indeed exceed – our stated objective of having, by 2030, 20 per cent of the electricity used in Jamaica being generated from renewable sources,” Paulwell said.

According to a release from the ministry, the government last month cleared the way for investment by rescinding the Petroleum Corporation of Jamaica (Extension of Functions) Order, which gave the PCJ the exclusive right to develop renewable energy projects in Jamaica.

The removal of exclusivity means that the renewable energy market in Jamaica is now fully liberalised, and that OUR can now seek competitive bids for the addition of renewable energy capacity.

At the November meeting of the Jamaica Energy Council held Friday Paulwell told the group that Cabinet had recommended that the OUR issue an RFP for the supply of up to 115MW of electricity from renewable energy to the national grid.

The Energy Council, which meets monthly and which is comprised of stakeholders from government, the opposition, private sector and civil society, endorsed the recommendation, the release said.

“This RFP process seeks to strike a balance between encouraging investment and reducing electricity prices to consumers, and I want to personally encourage all investors to submit their responses, and to do so quickly. Since taking office, I have had dozens of people bring ideas and proposals, and to them I say: the time is now,” said Paulwell.

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Category/ies:Jamaica News.
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