AEE Signs $ 1,500 Million Contract To Establish Natural Gas In San Juan
March 6, 2019
The Electric Power Authority (PREPA) took a new step towards the conversion to natural gas by signing the contract with New Fortress Energy LLC (NF Energy), to transform units 5 and 6 of the San Juan Power Plant.
The contract amounts to a total of $ 1,500 million for five years, that is, around $ 300 million per year, depending on the consumption of the PREPA, said the chief executive officer of the corporation, José Ortiz, in a meeting with the media. However, the impact on the price of the service was not specified, stating that it is not buying kilowatts/hour, but BTUs. That is to say, "instead of paying for diesel we are going to pay for natural gas. We change one fuel for another. "