American Capital Energy & Infrastructure (ACEI) has announced that its platform company, BMR Energy, LLC, has completed a key milestone in the development of its 36 MW wind generation project in St. Elizabeth Parish, Jamaica.
On September 18 at a ceremony in Kingston, Jamaica, BMR Energy executed the final power purchase agreement with the electric utility Jamaica Public Service Company Limited (JPS) for the purchase of 100% of the output of the project for 20 years.
At the same ceremony BMR Energy was presented with its Electricity Supply License by Philip Paulwell the honorable Minister of Energy, Science, Technology and Mining of Jamaica.
BMR Energy had previously executed a long term lease for the land needed for the project with the National Land Agency (NLA) of Jamaica and had received all environmental permits needed to construct and operate the project from the National Environment and Planning Agency (NEPA) of Jamaica.
With receipt of these key documents, BMR Energy will work to rapidly finalize and close on its financing arrangements with the Overseas Private Investment Corporation (OPIC) and International Finance Corporation (IFC). BMR Energy expects to begin construction of the project in the fall of this year and achieve commercial operation in late 2015.
JPS signed in late September another PPA for 20 years with WRB Enterprises (WRB). Approximately US$60 million will be spent to construct the 20 MW photovoltaic generation project that will see 98,000 panels installed in Content Village, Clarendon Parrish.