The Jamaica Public Service Company, JPS, is to invest $2-billion in smart technology aimed at reducing electricity theft, next year.
CEO of JPS, Emanuel Da Rosa says the company has been grappling with electricity theft for years. He says the initiative is expected to reduce the price consumers pay for electricity.
Mr. Da Rosa says JPS will also broaden its focus on renewable energy.
Mr. Da Rosa was addressing the Montego Bay Chamber of Commerce and Industry’s 85th Anniversary Awards Banquet at the Montego Bay Convention Centre, over the weekend.
The JPS reportedly loses USD$2-million per month to illegal electricity connections.