Mar10
Puerto Rico chooses providers to help you privatize energy age bracket
SAN JUAN, Puerto Rico (AP) – Puerto Rico privatized their electricity manufacturing towards the Wednesday, seeking Genera Advertising when deciding to take along the procedure and you can fix regarding condition fuel age bracket units regarding the You.S. area as part of a first $twenty-two.5 million annual deal.
The brand new statement comes because the area cannot rebuild their failing power grid in the middle of chronic electricity outages charged in part about what Gov. Pedro Pierluisi called “archaic and unstable” generation devices.
Torres plus cautioned your price means additional costs for brand new state utility company, which retains some $9 mil in financial trouble – the most significant of every Puerto Rican authorities agency – and you will remains mired for the an enthusiastic acrimonious fight with loan providers whilst tries to come out of case of bankruptcy
“I know we are on the right tune to render the anyone new credible and you may sensible opportunity system which they are entitled to,” he said.