Solar Energy and Energy Efficiency in Schools

Mode of Procurement	Public-Private Partnership (PPP)
Project Sponsor(s)	Ministry of Education Youth and Information (MOEYI) /National Education Trust (NET)
Description and location	The National Education Trust (NET) has identified a private sector provider to undertake the financing, installation and maintenance of photovoltaic generation systems in a pilot project of 30 select secondary schools. The project will be implemented under an Energy Service Company (ESCO) model with payment to the private sector being made from savings. The objectives of the project are to: • Reduce the energy cost to the schools by 40-70% and, ultimately, to reduce the fiscal burden of the Government of Jamaica. • Create an energy conservation and efficiency education programme simultaneously • To demonstrate the model for effective replicability throughout the school system Key Highlights: • The potential for replicability within the entire school system • Multi-lateral interest in financing for renewable energy projects
Status	The signing of the Energy Savings Performance Contract (ESPC) for the transaction was done on Tuesday, March 29, 2022 with the Energy Savings Company (ESCO). The ESCO is a Special Purpose Vehicle that has been established in Jamaica by Roswall Inc/Williams Evergreen/Brison Development for the execution of the project. The ESCO entered a fifteen (15) year ESPC with the Government of Jamaica, through the MOEY and NET.
Estimated Capital costs/development expenditures	US$5Million
Sources of Revenues	Government of Jamaica availability payments
Expected life of the project	15 years
Environmental Sustainability & Resilience features	Renewable energy

Contact Information

Latoya Harris-Ghartey
Executive Director
National Education Trust Ltd. (NET)
Caenwood Centre, 37 Arnold Road, Kingston 5
Office: 876-967-7962 or 876-967-9007 Ext. 3342
Mobile: 876-562-9542