New Fortress To Invest Billions In Jamaica
November 30, 2017
The company responsible for the introduction of liquefied natural gas (LNG) to Jamaica, the United States-based New Fortress Energy (NFE), says it expects to invest over US$1 billion (J$126 billion) in infrastructure in the island over the next several years.
This, as Jamaica transitions to natural gas use.
The disclosure was made by NFE Managing Director Brannen McElmurray, who noted that the company has already invested hundreds of millions of dollars in Jamaica.
McElmurray was responding to questions from The Gleaner.
He gave an assessment of Jamaica as a place for investment and development.
He said: "It has been a great place for us to do business. The public sector has been a great partner and they're steadfast in their effort to ensure that Jamaicans will benefit from energy investments over the long term from a competitive and environmental standpoint."
McElmurray added that "there's an entrepreneurial spirit in Jamaica that seems to really be taking off in the energy sector and we're proud to play a small part in that".
NFE has fast become a name associated with natural gas in Jamaica, starting with its transformation of the Jamaica Public Service's (JPS) 120-megawatt plant at Bogue in Montego Bay, St James, from diesel fuel to LNG...