FosRich Offering Solar Equipment and Transformer Repairs In Guyana  

• FosRich is expanding its reach by offering solar equipment and transformer repairs in Guyana.
• Speaking at the JSE Guyana Capital Markets Conference hosted by the Jamaica Stock Exchange last week, Managing Director Cecil Foster said FosRich will be interfacing with the Government to build solar farms.
• FosRich Company Limited went public as a trader in electrical lighting products six years ago but has since diversified into PVC pipe manufacturing, solar equipment distribution, as well as transformer repairs and manufacturing through its subsidiary Blue Emerald.
• In the transformer repair market, its main client is the power utility company Jamaica Public Service (JPS)
• Speaking of the market opportunity, Mr. Foster highlighted that the Caribbean has another 60,000 transformers awaiting repair.  He further highlighted that in Guyana, there are seven light and power companies, which also need the service.
• The move to Guyana is part of the company’s strategy of expanding into other territories which will drive revenues and ultimately increase shareholders’ value.

(Source: RJR News)