The Government of Jamaica is seeking to sell its 20% shares in the Jamaica Public Service Company by way of a listing on the Jamaica Stock Exchange. The JPSCO is the sole distributor of electricity in Jamaica and is also engaged in generation which includes purchasing from independent power producers and transmission.
An Enterprise Team was appointed to oversee the privatisation process in December 2019 with the DBJ as Transaction Manager for the transaction. Due diligence activities are under way for the transaction. It is expected that the recommended transaction structure will be approved by Cabinet in the second quarter of FY 2020/21. The listing on the Jamaica Stock Exchange is anticipated by March 2021.