KINGSTON, Jamaica — The People’s National Party (PNP), Jamaica’s primary opposition party, has issued a stern call for the government to provide full transparency regarding a contentious $150 million (J$24 billion) loan extended to the Jamaica Public Service Company (JPS) and its handling of the company’s license negotiations. The PNP’s Spokesperson on Energy and Telecommunications, Phillip Paulwell, voiced significant concerns over the lack of critical details surrounding the loan in a statement released on Wednesday. Paulwell emphasized that the government has failed to address key questions, including the risks to taxpayers, the valuation of JPS assets, and the interest rate attached to the loan. He criticized the administration for committing such a substantial sum without disclosing terms that safeguard public interest. Paulwell further revealed that if the loan remains unpaid within two years, the government plans to convert the debt into equity, effectively acquiring JPS assets. He questioned the current valuation of these assets and whether such an assessment has been completed. Additionally, Paulwell raised concerns about JPS’s ability to secure the remaining $200 million of the $350 million it claims is necessary for full service restoration. He demanded clarity on which state agency will oversee the loan disbursement. The opposition also criticized the government for creating instability by sending JPS a letter hinting at a possible termination of its license in 2027. Paulwell urged the government to release the letter in full, asserting that Jamaicans deserve to understand the rationale behind such a destabilizing move. He highlighted the urgency of restoring power to thousands of Jamaicans and recommended leveraging the loan to secure concessions from JPS, including suspending its monopoly during national emergencies and allowing alternative energy sources to supply nearby households. Paulwell also warned of potential electricity price hikes and stressed the need for transparency on the restoration of liquefied natural gas (LNG) generation, which offers cost advantages over heavy fuel oil and diesel. The PNP reiterated its willingness to support responsible and transparent strategies to restore electricity and strengthen Jamaica’s energy resilience but vowed to oppose decisions that unduly burden taxpayers.