(May 22, 2020- Washington, D.C.) –Governor Wanda Vázquez Garced, along with the Chief Executive Officer of the Puerto Rico Electric Power Authority (PREPA per its English acronym), José Ortiz Vázquez, and Founder and Chief Executive officer of New Fortress Energy (NFE per its English acronym), Wes Edens, participated in a tour of the new NFE facilities in San Juan. This natural gas dock supplies fuel to units 5 and 6 of the San Juan Central plant.
NFE, in coordination with PREPA, recently completed the construction of the natural gas terminal at the San Juan dock. This work was carried out thanks to the investment of $100 million in private funds.
“The conversion and commissioning of units 5 and 6 with natural gas will allow for a cheaper and cleaner fuel, which will translate into direct benefits for all PREPA customers. These benefits will create monthly savings of an average of $8 and $12 dollars for residential customers and $6,000 to $8,000 dollars for industrial customers. This is another step forward in our energy transformation,” said Governor Wanda Vázquez Garced.
For his part, Ortiz said that “we will continue to comply with the Fiscal Plan while providing our customers a cleaner environment and the best possible economic conditions for the people of Puerto Rico.”
This energy transformation will produce savings of about $150 million annually in 5 years for PREPA. These savings will directly impact customers’ pockets on the island.
The conversion provides units 5 and 6 to be more efficient in their operation, improving the performance of the combined generation capacity of 440 megawatts.
The construction of the NFE dock created 250 temporary jobs, and, currently 50 permanent jobs.
“We are proud to invest in Puerto Rico and modernize the island’s energy landscape,” said the founder and CEO of New Fortress Energy, Wes Edens.
NFE is a global energy infrastructure company founded to help accelerate the global transition to clean energy.
“Our facilities in San Juan allow small and large customers to generate savings and reduce emissions utilizing natural gas. The completion and commissioning of the terminal during these difficult times were only possible thanks to the combined efforts of our contractors, our employees, and our partners at PREPA. This great achievement reaffirms our commitment to the economic recovery and growth of Puerto Rico,” added Edens.
“We are proud to work with PREPA on this initiative to transform and modernize Puerto Rico’s energy grid,” said Jennifer M. Storipan, Esq. Executive Director of the Puerto Rico Federal Affairs Administration. “After Hurricanes Irma and María devasted our island and left millions of Puerto Ricans without power, creating the largest blackout in our nation, we knew a critical change towards clean energy was vital to creating a more resilient grid. PRFAA will continue to assist PREPA in its efforts to work with the federal government to ensure that residents on the island have access to this essential service as we prepare for the 2020 Hurricane season.”
This project links the different initiatives that PREPA pursues within the development of infrastructure, in compliance with the Integrated Resources Plan and the Certified Fiscal Plan, whose objective is to transform the island’s energy sector.
This project was developed in compliance with the proposals for the transformation of the electrical system, contained in the provisions of Law 57 of 2014, better known as the Energy Transformation and Relief Law.