Special Advisory: Caribbean Cement Company Limited(CCC)

July 29, 2019

 

Caribbean Cement Company Limited(CCC) has advised that on July 26, 2019, the Company executed a ten (10) year electricity supply agreement with the Jamaica Public Service Company Limited (JPS). The Parties had previously entered into a Power Purchase Agreement for the Supply of Electricity to CCC dated as of the 15th day of July, 1999 (“PPA”), pursuant to which JPS had agreed to make available to CCC a supply of electricity at its manufacturing plant in Rockfort, Kingston, Jamaica.

CCC has further advised that the term of the PPA having expired and CCC having satisfied the Qualifying Criteria, JPS and CCC have agreed to continue to make available the supply of electricity to CCC. The new agreement will be subject to regulatory filing with the Office of Utilities Regulations in Accordance with JPS 2016 Electricity Licence. The initiative forms a major element of CCC‘s thrust for improved efficiencies through the fostering of mutually beneficial relationships with key stakeholders.

 

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2019-07-29T20:42:57+00:00