Old Harbour 190MW LNG-to-Power Project

27/3/2017
Project development, Project finance

$ 330 million

Announced

27/3/2017


Overview:

  • Old Harbour 190MW LNG-to-Power Project.
  • The project in Jamaica has secured $330 million in financing.
  • Project financing was provided by parties that included the National Commercial Bank of Jamaica and JCSD Trustee Services.
  • The developers are Jamaica Public Service Company (JPSC), Marubeni Corporation and Korea East West Power.
  • The energy will be sold through JPSC subsidiary South Jamaica Power Company.
  • Once completed the plant will be Jamaica's largest, providing around 20% of the country's electricity needs.

Kurt Stumpo - Journalist

Jurisdiction:

Jamaica

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sectors:

Energy
Oil and gas


Firms:

Party: South Jamaica Power Company (Project developer)


Party: National Commercial Bank of Jamaica (Lender)

Party: JCSD Trustee Services (Lender)


Party: National Commercial Bank of Jamaica (Lender)

Party: JCSD Trustee Services (Lender)

Lawyer: Arthur Hamilton