Energy investments are gaining importance across the United States

Conduit Capital Partners, leading private equity energy investment firm recently declared that, the company plans to construct a power plant in Jamaica, costing 127 million USD. The thermal power plants which are to be constructed in Jamaica and West Kingston primarily will function on oil but it can also operate on natural gas. The construction of a 66 megawatt power plant has commenced recently and it will embark on commercial operations during 2012. This power plant will be controlled and functioned by Conduit’s Jamaica Energy Partners in lieu of West Kingston Power Partners, their sister company. Jamaica Public Service Company and West Kingston Power Partners in 2008 won the public Request for Proposal for supplying power. Juan Páez, the partner of Conduit Capital articulated that, the company has maintained a very good relationship with the government of Jamaica and the company has served as an independent regulator for more than a couple of years under unpredictable fluctuating market. He also mentioned that, this initiative project will ensure the country to remain competitive in the global market for ameliorating the current infrastructure and reduce the increasing energy price prevailing in the energy market.

Yacimientos Petrolíferos Fiscales Bolivianos, leading petrol company controlled by the state government of Bolivia, plans to produce investments in energy to assure enough oil and natural gas supply for the future. The company is planning to produce an energy investment of 1.73 billion US dollar by 2011, to produce surplus amount of gas and supply to the domestic market, Brazil and Argentina. The head of Yacimientos Petrolíferos Fiscales Bolivianos Carlos Villegas asserted that, the energy investment provided will surpass the older records and investment will surely aid to increase the production. Yacimientos Petrolíferos Fiscales Bolivianos will the needs penned in the contract and supply 7 million cubic meters of fuel per day to Argentina and 31.5 million cubic meters of gas per day to Brazil.

Government of Bolivia has assured to provide at least 7.7 million cubic meters of gas per day from January 1 2011 to Argentina and the export level will increase to 27.7 million cubic meters per day within 2017. The contract between the Brazil and Andean nation require of 24 to 31 million cubic meters of gas per day and the local market of Bolivia will consume more than 8.5 million cubic meters of natural gas each day. The head of the YPFB mentioned that, the production of gas will increase around 71 million cubic meters per day for the next few years and the energy investments provided will help them to achieve these goals.