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Guyana Pushing Green Energy With New Solar Farm

A solar farm in the Mabaruma region of Guyana. (GP)   A one-megawatt solar farm valued at $565M is expected to be constructed in Lethem. he plan for the solar farm is currently awaiting approval from the international tender, after which the construction will commence. The project, which “is anticipated to take a year...

Wigton IPO Aims to Raise $5.5 Billion

Wigton Windfarm near Newport in Manchester (Photo: Observer file)  Wigton Windfarm, the wholly owned subsidiary of Petroleum Corporation of Jamaica (PCJ), hopes to raise roughly $5.5 billion from its initial public offering which is set to open on April 17. The IPO, which falls a little lower than that of Wisynco...

Wigton Seeks to Raise $5.5 Billion From IPO

PCJ, the operators of Wigton Winfdarm, is offering over 11 billion shares in the IPO. (Photo: Marlon Reid) Wigton Windfarm is seeking to raise $5.5 billion through an initial public offering on the Jamaica Stock Exchange. The wind farm, which is operated by state-run entity, Petroleum Corporation of Jamaica (PCJ), will make...

Nuclear Fears Addressed by Stringent Maritime Legislation Says MAJ

Nuclear transportation at sea can be safely managed as long as shippers stringently comply with IMO and other international legislation, advises the head of the Maritime Authority of Jamaica (MAJ). Fears over the transportation of nuclear cargoes through Caribbean waters, particularly as a result of the expansion of the Panama Canal,...