Jamaica Public Service Company Limited (DFC-2017-JAMAICAPUBLIC)

Countries
  • Jamaica
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Jamaica
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 133.33 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jul 31, 2020


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Project Description

The Borrower is a vertically integrated electric utility in Jamaica. The Borrower will use the proceeds of the $100 million OPIC loan to (1) implement a smart streetlight program, (2) connect new customers, (3) support the reduction of electricity theft through a community renewal initiative, (4) rehabilitate and upgrade its transmission and distribution network and (5) refinance an existing debt facility with Citibank, N.A. that is partially guaranteed by OPIC (the “Project”).

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

Not available