Jamaica Public Service Company Limited

Jamaica Public Service Company Limited (JPS) is an integrated electric utility company and the sole distributor of electricity in Jamaica. The Company is engaged in the generation, transmission and distribution of electricity, and also purchases power from five Independent Power Producers. In April 2011, Marubeni Corporation entered into a Purchase and Sale Agreement with Korea East-West Power (EWP), for joint ownership of majority shares (80%) in the Jamaica Public Service Company Ltd (JPS). The Government of Jamaica and a small group of minority shareholders own the remaining shares. JPS currently has approximately 603,346 customers who are served by a workforce of approximately 1,375 employees. The Company owns and operates: 4 power stations, 9 hydroelectric plants, 43 substations and approximately 14,000 kilometres of distribution and transmission lines. Along with the provision of electricity, JPS is a key partner in national development. The company has a vibrant corporate social responsibility portfolio and makes significant contributions in the areas of education, health, and sports. The company also has a strong environmental focus and carries out its operations in an environmentally friendly manner. The Office of Utilities Regulation (OUR) is the independent regulatory agency with responsibility for the electricity sector. JPS, with its prominent role in the energy sector, represents a compelling investment proposition and has the potential for significant growth and impact in Jamaica's Renewable Energy and Automotive industries.