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2.2 JAMAICA’S ECONOMY & POWER SECTOR Jamaica is the largest English-speaking Caribbean island with a population of 2.82 million. The population density is 656 people per square mile, and the average annual population growth rate is 0.7% per annum. The average life expectancy is 75 years old. The poverty headcount ratio is about 10%. Jamaica has an area of 10,990 square kilometres. The country’s per capita Gross National Income is US$4,870 (FY 2010). The unemployment rate at June 2009 was 11.4%. In February 2010, Jamaica and the International Monetary Fund (IMF) signed a stand-by facility agreement for US$1.27 billion to support structural reforms and dampen the effects of the global economic recession on the economy. Jamaica’s electricity sector is regulated by the Office of Utilities Regulation (OUR). The addition of generation services is subject to competition for capacity additions which are greater than 15 MW. The transmission and distribution services are provided through a monopoly license which is held by the Jamaica Public Service Company (JPS) Ltd. JPS is 80% owned by Marubeni Caribbean Holdings Inc. with the GoJ owning most of the remaining shares, and a small group of shareholder maintaining less than 1% stake. Independent power producers including Wigton Wind Farm Ltd provide about 36% of the island’s generating needs. The bauxite companies and sugar sector own selfgeneration facilities. JPS serves about 590,000 customers and operates four power plants and eight (8) hydropower schemes. The nation’s peak demand is about 840 MW. 2.3 THE COUNTRY’S ENERGY MIX Jamaica’s energy mix remains dependent on the use of imported fossil/petroleum fuels which account for 91% of the energy mix, while renewable resources account for 9%. Table 1.0 below indicates the petroleum import levels over the past five years, and the utilization by sector. 6
Table 1. National Petroleum Consumption by Activity History Base INPUTS 2005 2006 2007 2008 2009 Total Fuel Imports (M 27.33 29.16 29.09 27.80 22.10 BOE) For Electricity 6.55 6.39 6.65 6.27 6.66 For Bauxite Industry 9.80 9.55 8.81 9.39 3.39 For Road and Rail 6.25 6.37 6.08 5.84 5.90 Transportation Other (shipping, aviation 4.73 6.85 7.55 6.30 6.15 and other manufacturing) Growth -- 6.7% -0.2% -4.4% -20.5% Cost of Fuel Imports (M $1,397 $1,837 $2,007 $2,706 $1,350 US$) Composite overall cost per $55.51 $59.77 $61.64 $97.34 $61.09 barrel of crude Source: Ministry of Energy and Mining Oil Import Statistics 2009 Jamaica’s renewable energy sources include renewable fuels and renewable electricity. Renewable fuels account for sixty seven percent (67%) of the total renewable energy share. The draft biofuels policy is designed to address the legislative and regulatory framework for this sector. The renewable electricity sector includes a mix of solar, wind, biomass and hydropower sources. The draft Renewable Energy Policy and Energy from Waste Policy are designed to address sustainable developments. Table 2. Renewable Energy Inputs (in Barrels of Oil Equivalents) Categories Sources 2005 2009 Hydropower generation JPS 105,104 86,789 Bagasse for factories & cogeneration SIRI, CERE 529,553 447,502 Solar energy generation APS, Isratech 9,618 27,714 7
Page 1 and 2: TERMS OF REFERENCE GOVERNMENT OF JA
Page 3 and 4: ABBREVIATIONS AND ACRONYMS CERE GoJ
Page 5: 2030”. The National Energy Policy
Page 9 and 10: ase load energy to the national ele
Page 11 and 12: 3 SCOPE OF THE CONSULTING ASSIGNMEN
Page 13 and 14: Phase I main objective is to inform
Page 15 and 16: Provide the base case estimate of t
Page 17 and 18: investment. The viability of the pr
Page 19 and 20: Task 5- An overall implementation p
Page 21 and 22: Documented experience in doing proj
Page 23 and 24: 5 DURATION Phase I of this assignme
Page 25 and 26: ___________________________________

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