Observations OS

Colide Z     Sweet   Music   Jamaica      Tech Life It will soon be clear that successive governments will not be able to solve the energy crisis problems that have confronted Jamaicans since 2006 when international oil price began their meteoric rise. On one occasion it was Coal then it was Natural Gas then it was Coal or Natural Gas. It seems for now a decision has been made. Energy World International Ltd has been awarded the contract to build Jamaica's next megawatt scale power plant. Energy World International Ltd (EWI) submitted a proposal to build a 478MW Natural Gas Combine Cycle Power Plant that is expected to cost the developers an estimated US$737 million (JM$76.648billion). Installation cost US$1.54/Watt. At the time of writing this document the exchange rate was US$1 : JM$104. With current electricity rate at approximately JM$42 per kilo Watt hour, and a projected rate of increase of $2-5 per year , Jamaica's electricity rates by 2016 could be anywhere bet

Colide Z     Sweet   Music   Jamaica      Tech Life Just a quick note on the alarming rate of the devaluation of the Jamaican dollar. As of the end of December 30, 2011 the US$1 was worth JM$86.75. As of the end of trading October 24, 2013 the US$1 was worth JM$104.99. In the space of 21 months and 24 days the Jamaican dollar has been devalued by JM$18.24 or 21.03%. Now you are in one of two groups. You are either poorer as imports to Jamaica are 21% more expensive. Or As a holders or earner of US$ currency you are 21% richer. Pretty decent returns for just buying and holding. The fortune of remittances.      Source: digjamaica.com What will the next 22 months hold? Any predictions as to where the exchange rate will be then? Drop me a note. Now if only everyone would, I will be happy with just a dollar from all my wonderful friends in the US. Colide Z     Sweet   Music   Jamaica      Tech Life