Jamaica 2018 | ENERGY & MINING | COLUMN

TBY talks to Wes Edens, Founder & Chairman, New Fortress Energy, on the sector.

Wes Edens

What opportunity did you see in Jamaica?

Our company came to Jamaica three years ago. The utility company JPS had started an initiative to bring gas to its power plant in Montego Bay. In December 2014, we competed for that mandate because we were interested in being a part of the energy infrastructure business in Jamaica. We were fortunate enough to be successful in the summer of 2015. From there, we built the terminal in Montego Bay and commissioned the gas-powered, 120-MW Bogue power plant that became operational 13 months after commissioning. From this first investment and partnership with JPS, a whole series of transactions has developed.

How do you see Jamaica as a place to invest?

Our experiences here have been terrific. It is not just industrial people, but the government and the communities where we are involved. While it has been a lot of work, the business environment in Jamaica has been terrific. Business, governments, and communities are all intertwined. They are not individual pillars but have to all come together. That is the kind of matrix we think is appropriate and necessary if we are going to be successful.