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The 766-megawatt Costa Sur is the largest power plant in Puerto Rico, and represents 56% of the island's natural gas-fired electricity generating capacity.
In June 2021, Puerto Rico privatized the grid by engaging LUMA Energy to operate the system, even though PREPA still owned the infrastructure. LUMA is a joint venture between units of Canadian energy firm ATCO Ltd and U.S. energy contractor Quanta Services (PWR. N).
In 2019, the Puerto Rico legislature passed the Puerto Rico Energy Public Policy Act (Act 17) , setting a goal for the commonwealth to meet 100% of its electricity needs with renewable energy by 2050, with interim targets of 40% by 2025, 60% by 2040, the phaseout of coal-fired generation by 2028, and a 30% improvement ...
As part of an ongoing privatization process, in 2021 the PREPA relinquished the island's power transmission and distribution system to Luma Energy. The consortium made up of Atco in Canada and Quanta Services Inc. in Texas started operating on the island in June 2021.
Shay Bahramirad, vice president of engineering for LUMA, the power company in charge of Puerto Rico's electricity transmission, says it's ?inaccurate? to say they're rebuilding the grid the same as it was.
San Juan, Puerto Rico ? September 13, 2023 ? Today, LUMA announced a bold ?Building a Better Energy Future? 12-month work plan focused on improving system reliability and customer support services through a series of major projects and island-wide initiatives including vegetation clearing, substation modernization, ...
The power grid has long been afflicted by mismanagement, corruption and failure to maintain antiquated equipment. A few months after the takeover, Stensby testified before a U.S. House committee, calling Puerto Rico's electrical grid ?arguably the worst in the U.S.?
Puerto Rico's renewable resources include solar energy, wind energy, hydropower, and biomass. Under the Puerto Rico Energy Public Policy Act, PREPA must obtain 40% of its electricity supply from renewable resources by 2025, 60% by 2040, and 100% by 2050.