(Jamaica Gleaner) In a deal said to be worth $4 billion, the owners of Jamaica Energy Partners (JEP) have snapped up rival energy outfit Jamaica Private Power Company (JPPC) giving the American parent control over 250 megawatts of domestic rated capacity.
The Jamaican assets now held by Inter-Energy Group also include West Kingston Power Partners (WKPP).
CEO of Jamaica Energy Partners-WKPP, Wayne McKenzie, says the JPPC acquisition – which added 60MW to Inter-Energy’s Jamaican portfolio – is not a short-term play but a strategic move by the parent company to deepen its involvement in the local energy market.
