The $127m power plant, which will initially run on oil but can also be fitted to run on natural gas, is a greenfield project.
Construction work for the power plant has begun and the project is expected to start commercial operation in early 2012.
The project is operated and managed by Conduit’s Jamaica Energy Partners on behalf of its sister company West Kingston Power Partners.
Financing for the project is being provided by International FinanceCorporation (IFC)and adiverse group of institutions.
Conduit chairman Scott Swensen said that in the Jamaican market, where the government is supportive of foreign investment in infrastructure, developed projects are nonexistent.
"Greenfield is the only approach here and we have the local presence to win bids and build, and the financial expertise to secure appropriate financing," Swensen said.
