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JPS AH MEK 75 PER CENT MORE PROFIT THAN LAST YEAR Featured

Archive Written by  ABENA Wednesday, 10 August 2011 00:09 font size decrease font size increase font size 0
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Mi a wonder if JPS bias fi true against people from a certain neighbourhood cause since mi move come a Havendale, the light bill dem a murder mi bloodclaat. Last month, mi light bill come to 21,475. What the fuck is that? And now, mi a hear say JPS posted US$10 million ($860 million) net profit for the three months to June 30, 2011 compared to US$5.7 million the year prior. WHAT THE FUCK IS GOING ON? If we ah pay more, how come dem nah absorb some ah the terrible costs fi supply us wid fuel. Yu nuh see dem tek we fi fool?  

 

Bank of Jamaica (BOJ) data, which entails monthly electricity sales (in kilowatt-hours, kWh) up to May, showed total electricity sales in the month of April was 3.4 per cent below April 2010 while sales in May was down 1.6 per cent from year-earlier levels. Even if June 2011 sales were similar to June 2010 sales, sales for the three-month period would have been down by 1.7 per cent from the comparative period in 2010.

JPS in its recently published financial statements showed that revenue climbed by 27.6 per cent to US$301.8 million during the quarter under review. But lower sales volume meant that the average rate per kWh climbed from 29 US cents in the Jun 2010 quarter to 37 US cents per kWh during the review period, which was also up from the average rate of 35 US cents in the Mar 2011 quarter. AH LONG TIME THE BWOY DEM WAAN MURDALIZE WE! Check this!!!!

According to the embassy, in 2009, the JPS dismissed a suggestion from an American expert that would have led to improved efficiency at its plants and lower electricity prices for Jamaicans.

"... a USG (United States government) electrical engineer visiting JPS's power plants commented to (embassy officials) that JPS could significantly improve efficiency and lower production cost by standardising some of its turbines and cutting staff," the cable said.

"When this suggestion was relayed to a JPS (official), he responded that there was no political will for such projects," the cable added.

 


 

Read 1585 times Last modified on Wednesday, 10 August 2011 00:24

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