Canada looks to energy to close trade gap with Jamaica - Business - Jamaica Gleaner - Friday | May 25, 2012

Canada looks to energy to close trade gap with Jamaica - Business - Jamaica Gleaner - Friday | May 25, 2012: "Trade between Jamaica and Canada has shrunk dramatically in the past four years, but now Canada is exploring energy investments as one way of arresting the decline.

Canadian companies are pitching investments of up to CDN$500 million (J$43.5 billion) in alternative energy over the next three years according to Rick McElrae, senior trade commissioner for the Canadian Trade Commissioner Service.

Asked to clarify, he said the CDN$500m valuation was an assessment of opportunities. McElrae said the details of the proposals were proprietary to the companies.

Financial Gleaner checks indicate that one company, Solamon Energy Corporation, has pitched a US$444.2-million solar power plant project, which the Petroleum Corporation of Jamaica acknowledged in February as the subject of preliminary talks."

'via Blog this'