Government of Jamaica Infrastructure Assets (formerly Jamaica Public Service Company)

Mode of Procurement Mode of Procurement Stock Exchange Listing – Privatisation
Project Sponsor(s) Ministry of Science, Energy & Technology (MSET)
Description and location

The Government of Jamaica (GOJ) is seeking to privatise its 19.99% shareholding in the Jamaica Public Service Company via listing on the Jamaica Stock Exchange. In 2023, a revised concept was explored and approved by Cabinet. The revised concept considered the inclusion of GOJ's Shareholding in other infrastructure assets by creating a Special Purpose Vehicle (SPV) and subsequently listing the SPV on the Jamaica Stock Exchange. These assets included are:

  1. 19.99% shareholding in JPS Co.
  2. 20% shareholding in Trans Jamaica Highway (TJH)
  3. 10% shareholding in South Jamaica Power Company (SJPC)
Status Due diligence and transaction structure for the revised Concept for the Infrastructure assets are underway.
Estimated Capital costs/development expenditures To be determined
Sources of revenues Electricity tariff
Expected life of the project Not Applicable
Environmental Sustainability & Resilience features To be determined
Contact Information

Renee Rattray  
PPP & Privatisation Division
Development Bank of Jamaica
876-929-4000 Ext 4100

Matthew Mitchell
Account Executive
PPP & Privatisation Division
Development Bank of Jamaica
876-929-4000 Ext 4177

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