United States based Fortress Energy and the Jamaica Public Service Company (JPS) will launch the Bogue Gas Project in Montego Bay on Tuesday.
The project, which involves the construction of a regasification and storage plant in Montego Bay, will be the base for supplying liquefied natural gas (LNG) to Jamaica’s electricity grid and the rest of the region.
The investment is being lauded by U.S. Ambassador to Jamaica, Luis Moreno, who highlighted the fact that Fortress Energy is also one of several seeking to develop the infrastructure for a new energy plant in Old Harbour, and to supply several other Caribbean countries with LNG as well.
“We’re talking several hundred million US dollars investment that will improve Jamaica’s energy outlook and make local processing manufacturers even more attractive to US investors,” he explained.
That Bogue power plant is currently undergoing an upgrade to use LNG as its fuel for generating electricity instead of oil and diesel which are now used.
The deal to bring gas from the United States to Jamaica is seen as a major initiative, aimed at reducing the cost of electricity in the country to US$0.18 per kilowatt hour by 2018.