Kingston, Jamaica, August 1, 2012 – Conduit Capital Partners LLC, a private equity investment firm focused on energy infrastructure investment and development, announced the start of commercial operations of a 66 MW heavy fuel oil power plant at West Kingston Power Project in Jamaica.
The West Kingston Power Project was financed by a consortium of lenders including the International Finance Corp., CAF – the Andean Region Financial Institution, DEG – the German Development Finance Institution, and the Bank of Nova Scotia.
Construction began on the West Kingston project in the first quarter of 2011 under an engineering, procurement and construction contract with Wartsila of Finland. The West Kingston plant will sell energy under a 20-year power purchase agreement with Jamaica Public Service Company, the national utility.
The West Kingston Power Project is located in Kingston, Jamaica. Conduit reacquired Jamaica Energy Partners and the right to develop the West Kingston Power Project through the firm’s Latin Power III Fund in mid-2009.
Conduit has extensive experience in Jamaica, having invested in Jamaica Energy Partners since the mid-1990s. Jamaica Energy Partners owns two power barges totaling 124 MWs. Conduit is 100 percent owner of West Kingston Power Partners and Jamaica Energy Partners.