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Jamaica Energy Partners (JEP), a foreign-owned producer of electricity, is about to tap the Jamaican market for capital and has hired First Global Financial Services (FGFS) as investment bankers.

First Global has declined to say the nature of the fundraising to be done for JEP, only that it aims to tap local and international sources. However, the Financial Gleaner received confirmation on Thursday that JEP hopes to raise funds via the Jamaica Stock Exchange and is awaiting regulatory approval to launch its offer.

"The JSE has reviewed a draft of the prospectus," said JSE General Manager Marlene Street Forrest, who declined comment on whether the company would be floating a bond or going public through an initial public offering.

Two hundred top-level investors, developers, consultants and other professionals are slated to attend the Renewable Energy Latin American & Caribbean Conference and Exhibition (RELACCX 2014) in Puerto Rico from April 24-25, when the regional prospects for clean, renewable energy come under the spotlight.

Among the items to be discussed are new business models that encourage small-scale renewable energy deployment and financial mechanisms for utility-scale power plants, as the conference zooms in on the challenges and opportunities from investor, project developer, policymaker and regulatory perspectives.

Prime Minister, the Most Hon. Portia Simpson Miller has expressed satisfaction with the increased focus that the Caribbean Community (CARICOM) has placed on the issue of climate change, which is critical for the future sustainability of the region.

She said climate change, which has been gaining prominence globally, is of great significance for small island states, especially in light of the freak storm last year, which devastated the three sister islands of Saint Lucia, Dominica, and St. Vincent and the Grenadines.

Mrs. Simpson Miller was speaking with JIS News following her participation in the just concluded 25th Inter-Sessional Meeting of the Conference of Heads of Government of CARICOM, which was held at the Buccament Bay Resort, Buccament, in St. Vincent and the Grenadines.

CIVIL SOCIETY organisations (CSOs) have come away from the recent Panos Caribbean communication-training workshop in Kingston with a view to working more closely on biodiversity conservation in Jamaica.

“I was pleasantly surprised. Often, these sorts of events don’t really produce anything concrete, useful or sustained. I found the interactions with fellow workshop participants dynamic, and the outcomes that I am involved with extremely important, necessary and urgent,” said independent film-maker Dr Esther Figueroa.

MONTSERRAT’S 14-year-old entreprenur Warren Cassell Jr is toying with the idea of starting an investment company after high school.

He and his friends from the Leaders Investment Club — a group of global teen investors, traders, and entrepreneurs — are discussing potential investments in and acquisitions of Caribbean companies that have the potential to grow steadily over the long run.

“We plan to start the company with our own funds and then based on our returns seek additional money from the public, but that’s just an idea at the moment,” he told the Caribbean Business Report in an e-mailed response.

THE Cayman Islands is turning toward electric vehicles in an effort to better utilise renewable energy sources. The country sees this as leading the way to long-term economic and ecological sustainability and is calling on the region to follow this policy.

Cayman Automotive has reached an agreement with Budget-Rent-A-Car in Grand Cayman that the company will be the first to offer 100 percent all-electric vehicles for rent in the Caribbean.

May Pen, Clarendon — At a time when focus is being placed on entrepreneurship and small business development, one high school student has developed and is marketing her own line of natural food seasoning. She is 18-year-old Mahalia Gordon, a student at the Central High School in May Pen, who has developed 'Gordonna's Everybody's Natural Blend', according to the government's information arm, Jamaica Information Service (JIS). The condiment, formulated from locally grown herbs and spices such as ginger, pimento, escallion, onion, peppers, thyme, among others, promises to add flavour to one's favourite savoury dishes and recipes. Available in various sizes, the bottled product is free of artificial preservatives and monosodium glutamate (MSG).

It is no secret that Jamaicans pay far too much for electricity. In recent times, many have been fighting back by consuming less electricity at home and work, buying appliances that are energy-efficient and investing in alternatives such as solar energy panels. Energy 2014 is a new weekly feature that aims to give readers some choices in energy-saving solutions. Today's feature provides information about the range of LED bulbs available at the Fosrich Group of Companies and how much they cost


AT 23 years old, Gordon Swaby has already figured out the trajectory that he wants to take to achieve his personal and entrepreneurial dreams, and the international community is already taking notice. In March 2012, Swaby launched the online social learning platform, EduFocal, for students pursuing the Grade Six Achievement Test (GSAT) and Caribbean Secondary Education Certificate (CSEC), and already the company has successfully etched itself in the Jamaican education sector.

 

The Government is making good on its promise to remove the import tax on solar equipment and LED bulbs, Energy Minister Phillip Paulwell disclosed yesterday.

“I am happy to say that the Cabinet, this week, … has given drafting instructions for the law to be amended immediately so that those of you who were very happy to benefit from taxation-free solar and LED bulbs, you will be able to get that back right away,” he said.

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