Home' Trinidad and Tobago Guardian : May 8th 2014 Contents BG10 | REGIONAL
BUSINESS GUARDIAN www.guardian.co.tt MAY 2014 • WEEK TWO
NATIONAL QUARRIES COMPANY LIMITED
invites applications for the position of:
CHIEF EXECUTIVE OFFICER
The Chief Executive Officer, reports to the Board of Directors. The incumbent
will be responsible for implementing and achieving the strategic objectives of
National Quarries Company Limited, established by the Board of Directors.
The incumbent will be expected to achieve these objectives through,:
The establishment of immediate short term and long term goals which
are consistent with the strategic objectives of NQCL, and
Leading and directing a complement of suitably-trained and motivated
staff in realizing NQCL’s goals and objectives.
Applicants should hold a Master’s Degree in Business Administration and a
Bachelor’s Degree in Management/ Natural Sciences / Physical Sciences /
Engineering. He / She should have a minimum of ten (10) years experience in a
senior management position in a manufacturing / processing type environment,
and should have knowledge of Geology and / or Mining activities.
The applicant should have sound strategic thinking and strategic management
skills, good organizational and time management skills, good interpersonal
skills, good financial planning and analytical skills, dedication to team work
and leadership integrity within a professional environment.
Applications should be addressed to:
The Human Resource Department, P.O.Box 4536, Sangre Grande,
clearly labelled 'Application for Chief Executive Officer'.
Email address: firstname.lastname@example.org
Closing date for submission of applications is Friday 23rd May, 2014
Unsuitable applications will not be acknowledged.
The Jamaica government is expected to hold
talks with the Inter-American Development
Bank (IDB) regarding funding for a 381-
megawatt project involving the Hong-King
based Energy World International (EWI), that
won the bid to establish a multi-million gas-
fired power plant here, Energy Minister Phillip
Paulwell has said.
Paulwell, who expressed shock at criticism
of the bidding process by the IDB, said the
talks would be held in an effort to clinch a
loan deal for EWI.
Paulwell said in addition to the talks with
the IDB, the Office of Utilities Regulation
(OUR) will also meet with the international
lending agency on the issue and has vowed
to go all out to protect the energy project.
“They have accepted that the EWI is a cred-
ible player, that the project is a good project,
but their main concern is with the process,
so we are going to try and have dialogue with
them and I believe that based on some initial
discussions, that there could be a modification
in their position.”
Paulwell said he would adopt a hands on
approach in steering the project:
“I have taken a position in relation to future
procurements but I now accept going forward
that procurement must be separated from the
role and function of a regulator and that the
Minister can no longer be a bystander in certain
parts of the process.”
Paulwell was responding for the first time
since Monday's revelation that the IDB had
rejected the selection process by which the
EWI was chosen to construct the energy plant.
The project is being touted to significantly
reduce energy bills locally. However, the IDB
said EWI's selection was not in keeping with
Jamaica's procurement procedures.
In a report to Parliament last September,
the Contractor General Dirk Harrison said
EWI was being improperly facilitated by
Paulwell in the bidding process.
Harrison added the minister's intervention
and acceptance of the bid from EWI was unfair
and compromised the integrity of the process.
EWI entered the process after bids had been
closed, and its application went to Paulwell's
ministry on its way to the OUR.
Paulwell then reacted to the report, stating
that the OCG would not be allowed to hinder
his efforts to get cheaper energy for Jamaica.
The Energy Minister told reporters the IDB’s
position was an indictment on Jamaica and
not the EWI, noting that the IDB sided with
the contractor general's position, creating a
major financing roadblock for EWI and stalling
the energy project.
In a letter to Paulwell on April 29, EWI con-
firmed it had placed with the Hong Kong and
Shanghai Banking Corporation (HSBC) suf-
ficient funds to meet the outstanding per-
formance bid of US$37 million, and that the
bank is finalising the wording of the bond
within its legal department.
However, EWI's managing director Stewart
Elliott told Paulwell his company had done all
possible within its control, and that HSBC
has emphasised that the compliance procedures
must be adhered to, hence the delay in com-
pleting the bond.
The main opposition Jamaica Labour Party
(JLP) has said that the project should be allowed
“Having reached this stage I can’t imagine
cancelling...said the party’s spokesman on
energy, Karl Samuda.
Pauwell said there would be no change to
the time-line for the implementation of the
381-megawatt project and he remains confident
that it will get off the ground after issues
involving the IDB are ironed out.
A submission was expected to be made to
Cabinet this week.
(Jamaica Information Service)
Jamaica Promotions Corporation
(JAMPRO) is targeting opportunities
for local fresh produce farmers in the
United Kingdom market following a
recent successful mission of the UK’s
largest fresh produce importers.
The mission, which was managed
through JAMPRO’s European regional
office in collaboration with the
Caribbean Export Development Agency,
took place from April 2-7 and included
well known fresh produce suppliers
DG Fruits UK, Greencells Ltd, QV Foods
and the UK’s fresh produce trade asso-
ciation, Fresh Produce Consortium
Angie Stuart, business liaison man-
ager at FPC, believes there is tremen-
dous opportunity for Jamaica to
increase fresh produce exports to the
She said, “The British love Jamaica
and would be delighted both at trader
and consumer level to buy and eat
more Jamaican produce. The country
has great soil and superior irrigation
system and if your producers can meet
the standards expected by the UK
supermarkets and consistently deliver
quality at the right price, the oppor-
tunities are endless.”
Negotiations are now in place for
the production of Covington sweet
potatoes in Jamaica for export to the
UK. Developed in North Carolina in
the United States, the Covington breed
of sweet potatoes generated more than
US$250 million in US farm revenue in
2012—and is the number one sweet
potato exported out of the country.
According to Stuart, the mission
yielded success in also identifying sev-
eral Jamaican producers that are eligible
to receive sponsorship to attend the
upcoming London Produce Show and
Conference in June. The conference is
the first event of its kind to be staged
in the UK for the fresh fruit, vegetable
and flower industries.
She added, “They will be given a
free stand to promote their produce,
free accommodation and all food and
beverage for the three-day show, which
will include UK and international buy-
For Laurence Jones, JAMPRO’s Euro-
pean regional manager, the initiative
was undertaken through a collaborative
approach between Jamaican farmers
and processed food companies, JAM-
PRO, the Jamaican ministry of agri-
culture and the Jamaica Agriculture
He said, “These organisations have
jointly sought external support for
companies seeking to penetrate the
European Union markets. This mission
provided direct buyer engagement
opportunities for exporters; in keeping
with JAMPRO’s export promotion
(Caribbean News Now)
UK fresh producer optimistic about
business opportunities with farmers
to hold energy project
talks with IDB
InterEnergy Holdings has signed an agreement with Unión
Eolica Panameña SA to invest in a wind power project located
in Penonome, Panama. With 215MW in total aggregate capacity
and total projected investments of US$427 million, the Penonome
project is expected to be the largest wind power project in the
Central America and Caribbean regions.
According to the Nassau Guardian, InterEnergy is understood
to be one of the companies that have submitted bids to take
over the generation and transmission and distribution functions
of the Bahamas Electricity Corporation as part of a reform
process currently under consideration by the country’s govern-
The latest agreement marks InterEnergy’s return to Panama,
after a five-year hiatus.
“This is a very important investment for InterEnergy. We
expect the project to set new standards for the renewable energy
industry not only in Panama but in the entire region, for its
size and importance,” said Rolando Gonzalez Bunster, chairman
and chief executive officer of InterEnergy.
“In 2011 we became pioneers of renewable power in the
Dominican Republic, and are now delighted to bring our expertise
and experience to Panama,” he added.
The Panama investment is also part of a commitment made
by InterEnergy at the Clinton Global Initiative (CGI) Latin
America meeting last December in Rio de Janeiro.
The project is expected to eliminate over 400,000 tonnes of
CO2 emissions and save near 900,000 barrels of oil per year
“Latin America's economy is growing every year, requiring
the region to increase its installed power capacity,” said former
US President Bill Clinton.
“InterEnergy is a pioneer in power generation and distribution,
as well as in renewable energy. Their incredible progress on
their CGI commitment is driving sustainable development in
the region by both decreasing carbon emissions and lowering
the price of power for consumers,” Clinton added.
The Penonome wind project highlights InterEnergy’s mission
of bringing reliable, cost-efficient and clean energy to the region,
a long-term commitment the company undertook as a result
of the equity investment by the World Bank’s International
Finance Corporation in 2013.
(Caribbean News Now)
Bidder for stake in Bahamas utility announces largest wind power project in region
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