New Fortress Energy (NASDAQ: NFE) announced that its gas-fired combined heat and power (CHP) plant at the Jamalco Refinery in Halse Hall, Clarendon, officially began commercial operations on March 3, 2020. As the only one of kind in the Caribbean, the completion of New Fortress Energy’s CHP is yet another historic milestone achievement in Jamaica’s transition to natural gas.
The CHP plant will supply up to 100 megawatts of power into the Jamaica Public Service Company’s national electricity grid as well as provide Jamalco with more than 280,000 pounds of steam per hour, improving the refinery’s energy efficiency.
In commending the company, Minister of Science, Energy, and Technology, Fayval Williams, said; “This is no doubt a symbolic milestone achievement for New Fortress Energy and for Jamaica’s energy sector. We look forward to reaping the benefits of this project as we continue to usher in a new era in energy security and economic prosperity for Jamaica.”
“We are thrilled to announce the completion of the region’s first combined heat and power plant,” said Wes Edens, Chairman and Founder of New Fortress Energy. “A project of this magnitude would not be possible without the collaborative efforts of the government, Jamalco and other key stakeholders, who worked hand in hand with us from the beginning. This tremendous partnership is a great milestone for Jamaica’s economic and environmental progress.”
New Fortress Energy first started Jamaica’s transition to natural gas in 2015 with the build out of its state-of-the-art liquefied natural gas (LNG) terminal in Montego Bay that converted the JPS 145-megawatt Bogue power plant from diesel to natural gas.
In 2019, NFE and the Government of Jamaica proudly unveiled the historic floating storage regasification terminal (FSRT) in Old Harbour, which provides natural gas to South Jamaica Power Company’s new 190-megawatt gas-fired power plant in Old Harbour and NFE’s CHP plant at Jamalco in Halse Hall.
In addition to providing direct and indirect employment to hundreds of community members, New Fortress Energy, as part of its corporate social responsibility, continues to engage in community upliftment projects in partnership with the community, including road rehabilitation and improvement works, installing streetlights and building sidewalks and embankments.