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Company name

Jamaica Public Service Company Limited

Project number

14178-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Jamaica

Sector

Energy

Status

In implementation

Disclosed date

09/26/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/14/2023

Approval date

11/14/2023

Signed date

02/01/2024

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

USD $ 50,000,000

Financing amount

USD $ 100,000,000

Currency

USD

Project scope and objective

The proposed transaction consists of a corporate financing of up to US$100 million to Jamaica Public Service Company Limited to support its investment program for 2024-2025. The use of proceeds includes investments on expansion and upgrade of its transmission and distribution network, reduction of distribution energy losses, innovation and technology infrastructure and digital transformation, customer service infrastructure, business development initiatives, among other investments on energy efficiency and initiatives to lower operating costs.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

JAMAICA PUBLIC SERVICE - ENVIRONMENTAL AND SOCIAL REVIEW SUMARY (ESRS)

297.0 Kb

JAMAICA PUBLIC SERVICE - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

204.8 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

vdouglas@jpsco.com

PHONE NUMBER

876-935-3570

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .