terms of reference tor # mempcj201006037re - Petroleum ...
terms of reference tor # mempcj201006037re - Petroleum ...
terms of reference tor # mempcj201006037re - Petroleum ...
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2030”. The National Energy Policy (2009 – 2030) promotes “(vi) an energy sec<strong>tor</strong> that is<br />
environmentally sustainable, with significantly increased use <strong>of</strong> economically viable<br />
renewable energy sources, while fully protecting the environment, as well as (viii) the<br />
responsible and efficient use <strong>of</strong> this vital commodity”.<br />
Jamaica’s National Energy Policy (2009 – 2030) has established a goal <strong>of</strong> 12.5%<br />
renewable energy by 2015. The MEM is the focal point for the breakthrough <strong>of</strong><br />
renewable energies, with primary responsibility for policies, and regulations that will<br />
impact Government <strong>of</strong> Jamaica (GoJ) Ministries and Agencies.<br />
The PCJ is a statu<strong>tor</strong>y body created by the <strong>Petroleum</strong> Act <strong>of</strong> 1979. The Act was further<br />
amended in 2005 based on the Extension <strong>of</strong> Function Order. The <strong>Petroleum</strong> Act gives<br />
the PCJ the “exclusive rights to:<br />
(a) Develop and manage petroleum resources either alone or in<br />
association with third party contrac<strong>tor</strong>s;<br />
(b) Enter into agreement and arrangements (such as production sharing<br />
agreements) with contrac<strong>tor</strong>s to undertake the exploration,<br />
development and management <strong>of</strong> petroleum resources;<br />
(c) Either alone or in association with contrac<strong>tor</strong>s, to acquire, construct<br />
and operate refining or processing facilities, marketing facilities,<br />
pipeline facilities, tankers, trucks and other facilities for s<strong>tor</strong>age or<br />
distribution <strong>of</strong> petroleum or petroleum products; and<br />
(d) Either alone or in association with contrac<strong>tor</strong>s, to sell and otherwise<br />
deal in petroleum and petroleum products.”<br />
The Extension <strong>of</strong> Functions Order provides the PCJ with “the exclusive right to explore<br />
and develop in addition to petroleum, all renewable and other energy resources existing<br />
in Jamaica.” The PCJ established the Centre <strong>of</strong> Excellence for Renewable Energy<br />
(CERE) in November 2006 to ensure the diversification <strong>of</strong> Jamaica’s energy mix by<br />
securing renewable energy investments.<br />
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