The OPEC Fund for
International Development
  • Who We Are
    • About Us
    • Member Countries
    • Governance
    • Results Framework
    • Our Impact
    • Accountability
  • What we do
    • Strategic Framework
    • Public Sector
    • Private Sector
    • Grants
    • Special Initiatives
  • Where we work (current)
    • Focus Areas
    • Search Operations
    • World Map
    • Countries A-Z
  • Work with us
    • OPEC Fund Client Portal
    • Project Procurement
    • Corporate Procurement
    • Career Opportunities
  • News & Events
    • News
    • Events
    • Publications
    • Press releases
    • Media Enquiries & Downloads
  • Investor Relations
    • Overview
    • Credit Fundamentals
    • Funding
    • Operations
    • Governance
    • Contact IR Team
  • Contact Us
  1. Where we work
  2. Rehabilitation & Renewal of JPS Power Infrastructure

Where we work

  • Focus Areas
    • Overview
    • Agriculture
    • Education
    • Energy
    • Financial
    • Health
    • Multisectoral
    • Transportation
    • Water & Sanitation
  • Search Operations
  • World Map
  • Countries A-Z
    • Africa
    • Asia
    • Latin America & Caribbean
    • Europe
    • Global
Search

Rehabilitation & Renewal of JPS Power Infrastructure

Jamaica

Borrower Jamaica Public Service Company Limited (JPSCO)
Financing Type Private Sector & Trade Finance
Instrument Private Sector Debt
Focus Area Energy
Approved 18.06.2010
Signed 07.04.2011
Status Completed
Loan Administrator OPEC Fund
Co-financiers IFC, PROPARCO
OPEC Fund Contribution (US$m) 25.00

Jamaica is a small island with no natural fossil fuel resources. Through high oil imports (oil currently makes up 95 percent of the country’s energy mix) there is no shortage in energy supply for the 2.8 million islanders, but the cost of it is very high. The Jamaican government is committed not only to providing these services at an affordable price, but also to protecting the island’s natural environment. In line with new national energy policy directives, the Jamaica Public Service Company (JPS) plans to raise levels of energy generated from renewable sources to 15 percent by 2016. To further this aim, OFID provided a US$25m loan to JPS in June, 2010, to assist in the construction of a 6.7MW run-of-river (ROR) hydropower plant on the Maggotty River. ROR schemes are very different to conventional hydroelectric projects which traditionally require flooding land to create expansive reservoirs. For a small island with over a hundred small rivers, ROR renewable energy projects provide reliable and affordable electricity while protecting and respecting the environment.

Scroll top

Search operations

Advanced Search

0.00 213.75
0.00 13074.00

Where we work

  • Focus Areas
    • Overview
    • Agriculture
    • Education
    • Energy
    • Financial
    • Health
    • Multisectoral
    • Transportation
    • Water & Sanitation
  • Search Operations
  • World Map
  • Countries A-Z
    • Africa
    • Asia
    • Latin America & Caribbean
    • Europe
    • Global
Scroll top
Who We Are
  • About Us
  • Member Countries
  • Governance
  • Results Framework
  • Our Impact
  • Accountability
What we do
  • Strategic Framework
  • Public Sector
  • Private Sector
  • Grants
  • Special Initiatives
Where we work
  • Focus Areas
  • Search Operations
  • World Map
  • Countries A-Z
Work with us
  • OPEC Fund Client Portal
  • Project Procurement
  • Corporate Procurement
  • Career Opportunities
News & Events
  • News
  • Events
  • Publications
  • Press releases
  • Media Enquiries & Downloads
Investor Relations
  • Overview
  • Credit Fundamentals
  • Funding
  • Operations
  • Governance
  • Contact IR Team
The OPEC Fund
for International
Development
Parkring 8
1010 Vienna
Austria
  • Fraud Alert
  • Personal Data Protection Disclaimer
  • Terms of use
  • Contact
Copyright 2026 - The OPEC Fund for International Development

We use Cookies. Read our Terms