The Board of Directors of the Caribbean Development Bank (CDB) has approved funding of $25 million to replace existing streetlights in Jamaica with high efficiency light-emitting diode (LED) lamps. The funds are being provided to the Jamaica Public Service Company Limited (JPSCo), and will facilitate the replacement of approximately 105,000 high pressure sodium and mercury vapour streetlights.
Jamaica is on track to achieve its renewable energy target of 30 percent by 2030. However, to do it, the country must reduce its expenditure on imported petroleum products. In 2016, spending on street lighting was $20m per year.
