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JPS Signs MoU With Chinese Company To Build Power Plant

The Jamaica Public Service Company (JPS) has signed a Memorandum of Understanding with a China-based energy company to build a major power plant in Old Harbour, St Catherine. The Chinese company replaces the initial bid winner, Abengoa, which has initiated steps that could lead to bankruptcy. However, for confidentiality reasons the name of the Chinese company will not be released until after a meeting next week with the Electricity Sector Enterprise Team.