The Hon. Daryl Vaz, Minister of Science, Energy, Telecommunications and Transport, explained the licence contract with the Jamaica Public Service (JPS). He also discussed the government’s decision to provide JPS with a $150 million loan to support recovery efforts. | IRIE FM

Minister of Energy, Transport and Telecommunications, Hon. Daryl Vaz, has explained Cabinet’s approval of a two-year US$150 million loan to the Jamaica Public Service (JPS). The funding will support an accelerated restoration programme, with full power expected between January and February 2026. Under the agreement, JPS may repay the loan within the two-year period. If repayment is not possible, the Government may assume JPS assets or, in the “worst-case scenario”, convert the US$150 million int