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IDB Invest lines up US$80m loan for JPS grid recovery
Power utility Jamaica Public Service Company Limited (JPS) aims to secure US$80 million, about J$12.7 billion, from the private-sector arm of the Inter-American Development Bank Group (IDB) for liquidity purposes and Hurricane Melissa restoration works, according to project disclosures. “The proposed transaction consists of a corporate loan of up to US$80 million to JPS to provide liquidity required by the company,” stated the IDB disclosure on the proposed loan. “The financing will have a tenor of up to three years.”
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jamaica-gleaner.com
IDB Invest lines up US$80m loan for JPS grid recovery
Power utility Jamaica Public Service Company Limited (JPS) aims to secure US$80 million, about J$12.7 billion, from the private-sector arm of the Inter-American Development Bank…
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riotimesonline.com
IDB Invest Lines Up US$80 Million Loan for Jamaica's JPS Grid Recovery
IDB Invest is arranging an US$80 million loan for Jamaica Public Service to refinance debt and fund grid hardening after Hurricane Melissa restoration costs.