JPS' Electricity Grid Modernization

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This project involves the modernization and expansion of Jamaica's existing electricity distribution system, managed by the Jamaica Public Service Company Limited (JPS). JPS is a public-private company with an 80% private partnership, operating the electricity distribution network in the Caribbean nation. JPS has secured a US$100 million financing package to modernize the country's electricity grid and expand access to electricity. The IDB Invest provided $50m, while the CIBC Caribbean provided US$50 million and acted as Co-arranger. The financial close date is February 9th, 2024. https://x.realfin.com/transaction/250451/jamaica-public-service-company-additional-financing-2023 ; https://www.jpsco.com/idb-invest-partners-with-jps-to-support-jamaicas-continued-grid-modernization/ ; https://newenergyevents.com/idb-invest-and-jps-sign-us100-million-deal-to-upgrade-jamaicas-power-infrastructure/ ; https://www.powerfinancerisk.com/article/2ctgxk5xlyzb442l0ogzk/news/project-finance/jamaicas-jps-lands-100m-financing-from-idb-invest https://x.realfin.com/transaction/250451/jamaica-public-service-company-additional-financing-2023 ; https://www.jpsco.com/idb-invest-partners-with-jps-to-support-jamaicas-continued-grid-modernization/ ; https://newenergyevents.com/idb-invest-and-jps-sign-us100-million-deal-to-upgrade-jamaicas-power-infrastructure/ ; https://www.powerfinancerisk.com/article/2ctgxk5xlyzb442l0ogzk/news/project-finance/jamaicas-jps-lands-100m-financing-from-idb-invest