SAN JUAN, Puerto Rico (AP) – Puerto Rico privatized the fuel development towards Wednesday, wanting Genera Public relations when deciding to take along side procedure and you will fix off condition strength age group gadgets from the You.S. region as an element of a first $22.5 mil yearly bargain.
The fresh new announcement arrives as area is not able to reconstruct their crumbling electricity grid amid chronic power outages blamed to some extent about what Gov. Pedro Pierluisi entitled “archaic and you may erratic” age group equipment.
Torres as well as informed your package is short for most costs for new condition power company, and that keeps particular $9 billion indebted – the largest of every Puerto Rican authorities department – and you can stays mired inside the an acrimonious fight with loan providers because attempts to come out of personal bankruptcy
“I am sure we are on just the right tune to help you provide our people the fresh credible and affordable opportunity program which they need,” the guy told you. Continue reading “Puerto Rico selects providers to help you privatize stamina age group”