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Renewable energy projects up for bid

Technology Minister Phillip Paulwell has announced that starting this week investors in renewable energy projects will be able to bid for up to 115 mega watts of  electricity generating capacity through a request for proposals.

Last month, the government cleared the way for investment by rescinding the Petroleum Corporation of  Jamaica  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 liberalized, and the Office of  Utilities Regulation (OUR) can seek competitive bids for the addition of  renewable energy capacity.

The OUR will on Monday issue the request for proposals.

Read more: http://rjrnewsonline.com/business/renewable-energy-projects-up-for-bid



Category/ies:Jamaica News, Request for Proposals.
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