Puerto Rico Electric Power transmission and distribution system project awarded

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Financial Oversight and Management Board for Puerto Rico proposed agreement between the Puerto Rico Public-Private Partnerships Authority (P3A) and LUMA Energy (a consortium of Quanta Services and ATCO Ltd. Company) to manage and operate the transmission and distribution system of the Puerto Rico Electric Power Authority (PREPA).

Under the agreement, LUMA Energy will operate, manage, maintain, repair, and restore PREPA’s transmission and distribution system to help the transformation of PREPA into a modern power company able to deliver reliable, clean, and more affordable electricity to Puerto Rico’s households and businesses.

LUMA Energy will be paid a management fee and an incentive fee structured to provide tangible improvements to PREPA’s customers. LUMA Energy will work with FEMA and the U.S. Department of Housing and Urban Development to deploy efficiently the Federal aid allocated to Puerto Rico’s power systems.

List of the country updates

Country updates

  • May 21, 2020

    Greenbriar reaches a final PPA for 160 MW Montalva solar-plus-storage project

    Greenbriar Capital Corp has achieved a final agreement with the Puerto Rico Electric Power Authority (PREPA) on the revised power purchase and operating agreement (PPOA) for the Montalva Solar Project...

    Read more
  • April 13, 2020

    Greenbriar secures EPC contract with CMEC for 160 MW Montalva solar-plus-storage project

    Greenbriar Capital Corp has signed a fully executed Cooperation Agreement with China Machinery Engineering Corporation (CMEC) of Beijing, China to be the Engineering, Procurement and Construction (EPC...

    Read more
  • January 14, 2020

    RFQ for operation and maintenance of electric system in Puerto Rico to be issued in Q1

    The government of Puerto Rico intends to transform and modernize the electric system through private operation or ownership of the assets of the Puerto Rico Electric Power Authority. The project...

    Read more
  • July 19, 2019

    Puerto Rico launches RFQ for new generation facility in Palo Seco

    The Puerto Rico Public-Private Partnerships Authority, in collaboration with Puerto Rico Electric Power Authority (PREPA) has launched a request for qualifications (RFQ) from companies and consortia i...

    Read more
  • December 06, 2018

    Governor announces high interest of the private sector in PPP of the transmission and distribution system of the AEE

    The Authority for Public-Private Partnerships of Puerto Rico (AAPP) received the qualifications of 5 private proponents interested in managing and operating all facets of the power distribution and tr...

    Read more

Share this update