Wigton Windfarm IPO Set for March 2019

The Wigton Windfarm initial public offering on the Jamaica Stock Exchange is expected to be listed in March 2019.

That’s according to General Manager of Public-Private Partnerships and Privatisation Services at the Development Bank of Jamaica, Denise Arana.

She says the process is progressing smoothly and IPO activities will commence once the JN Fund Managers Limited debt refinancing process is completed.

Mrs. Arana says the terms of the offer are not yet finalised and the agency is still determining what optimal offer will maximize the value for government as shareholder.

She was speaking during a recent tour of the facility in Rose Hill, Manchester.

A subsidiary of the Petroleum Corporation of Jamaica, Wigton is the largest wind energy facility in the English-speaking Caribbean and was built by the Government to help diversify Jamaica’s energy mix.

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