Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
Farmer's Weekly
What's Cooking
International
UWI/Eye on Science
The Star
E-Financial Gleaner
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Library
Live Radio
Podcasts
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News

'Government should give incentives to sugar cane investors'
published: Thursday | November 16, 2006

A case study on the sugar cane industry conducted by the National Commission on Science and Technology, has recommended that the Govern-ment provide financial and tax incentives for persons who want to invest in the sugar cane sector, including foreign investors.

It also proposed that tax exemptions on relevant equip-ment be offered, as well as assistance with soft loans through the Development Bank of Jamaica, for plant upgrading.

The research, the contents of which were revealed by Consultant Noel Osbourne last Tuesday at the Jamaica Pegasus hotel in Kingston, called for the promotion of sugar cane as a viable crop for the production of ethanol and electricity for sale to the national grid, and for the Government to develop a clearly-defined policy on renewable energy. This, Mr. Osbourne explained, would enable the sugar cane industry, the Jamaica Public Service Company or any private power plant to negotiate power purchase agreements.

Policies needed

The report further recom-mended the formulation of policies that encouraged improvements in energy use in sugar cane factory operations, which would, in turn, allow for the generation of surplus bagasse for generating electricity.

"The substitution of bagasse energy for oil energy will result in economic benefits to Jamaica, financial benefits to the sugar cane industry and positive environmental benefits in terms of reducing green-house gas emissions," the report said.

Feedback: john.myers@gleanerjm.com.

More Farmer's Weekly



Print this Page

Letters to the Editor

Most Popular Stories





© Copyright 1997-2006 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner