PwC Deals expert says JA should look to renewables for future competitve advantage

PwC partner and deals expert Wilfred Baghaloo says that Jamaica can build a future competitive advantage in electricity generation by maintaining its focus on building out a robust renewable energy infrastructure.

Bagahloo says in addition to the existing large sustainable energy projects, pursuing other opportunities for public-private partnerships will be the linchpin in ensuring that the energy supply mix is improved to include at least 20 percent renewables by 2030.

He was chairing an energy sector session on Wednesday, June 13, titled "Towards a sustainable energy hub – access to energy and the build-out of our renewable energy infrastructure, during the Jamaica Investment Forum hosted by JAMPRO at the Montego Bay Convention Centre in James.

Baghaloo noted, “A number of energy projects are in the pipeline with a mix of both renewables and liquefied natural gas and these are very promising. Pursuing renewables makes good economic sense, we simply have to stay the course and expand our efforts by increasing public-private partnerships, which have huge possibilities. We also need to increase our use of liquefied natural gas in the energy mix.”

Bagahloo added that while the government is focusing its policy on energy generation, he is recommending that the government broadens its policy to include the expansion of transportation.

We want to hear from you! Send us a message on WhatsApp at 1-876-449-0169, email us at editors@gleanerjm.com or onlinefeedback@gleanerjm.com.