Power Producers & Distributors Inc. (PPDI) in Jamaica says it is on track to make over US$2M profits by 2019

CHIEF Executive Officer (CEO) of the Power Producers and Distributors Inc. (PPDI), Arron Fraser, has said that the power company is on target to achieve in excess of US$2M in profits at the end of 2019 as it continues to operate at an optimum.
 
PPDI, which took over the operations of Wärtsilä in December 2016, is expected to make between US$2.7M and US$3.9M in profits, even as it saves the Government millions of dollars. Wärtsilä is a Finnish company which had been offering operational and maintenance services to Guyana Power and Light (GPL) since 1994. Similar services are now being provided to GPL by PPDI under a three-year Operations and Maintenance Agreement which will end on December 31, 2019.
 
PPDI manages the Kingston, New Kingston, Vreed-en-Hoop and Garden of Eden power plants. The CEO, while giving media operatives an extensive tour of the power plants at Kingston and Vreed-en-Hoop last week, said PPDI is charging GPL a fixed rate of US$16.87 per megawatt of electricity – US$3.64 less than the fee (US$20.51) Wärtsilä’s had proposed for 2017.