New Fortress Energy to invest US$1 billion in Jamaica
December 5, 2017
Having committed to investing some US$1 billion (J$126 billion) in Jamaica over the next several years, United States-based company, New Fortress Energy (NFE) is well on its way to doing so.
On Friday NFE and Jamalco broke ground for the construction of a 94 megawatt US$265 million (J$33.3 billion) liquefied natural gas-fueled combined heat and power plant at Jamalco’s Halse Hall headquarters in Clarendon.
This marks NFE’s first foray into the bauxite sector. The project is scheduled for completion in December 2019 at which time the plant will be connected to the national grid. More than 400 jobs will be created during the construction phase.
Speaking at Friday’s groundbreaking ceremony, Chairman of NFE, Wes Edens noted the strides made by Jamaica in its efforts at energy diversification...