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Puerto Rico secretary of State pitches energy policy to Taiwanese companies

By on April 22, 2019

Puerto Rico Secretary of State Luis Rivera Marín (CB file)

While in Florida, delivers speech about investment opportunities in energy, tech and telecom sectors

SAN JUAN – Puerto Rico Secretary of State Luis Rivera Marín appeared before Florida’s Taiwan Business Association and the Taiwanese Junior Chamber of Commerce of Miami, together with the director-general of the Taipei Economic and Cultural Office (TECO) in Miami, David Kuan-Chou Chien, to whom he promoted the investment possibilities for Taiwanese companies.

“Since last November, when he visited Puerto Rico, I have been speaking with Mr. Chien, who expressed words of solidarity with the island’s reconstruction process being headed by the administration of Governor Ricardo Rosselló. Among other topics, we are talking about opportunities for Taiwanese companies to invest in areas related to the energy, technology and telecommunications sector, as part of the investment opportunity that Puerto Rico offers to the world, in this new stage of transformation,” Rivera said.

Rivera further said: “I thank Mr. Chien, who had the deference to invite me to present the vision of Governor Ricardo Rosselló of Puerto Rico as a connector of the Americas, leader in invocation, maximizing the Opportunity Zones initiative, economic development and the governmental transformations we have carried out. Puerto Rico is in a great position to attract investors with multiple investment alternatives such as in the tourism sector and companies, and that is why the importance of efforts to facilitate and make doing business on the island more flexible.”

Also present for his speech were representatives of such companies as KUS USA, Acer, United Renewable Energy Co. and Lung Meng Machinery. The secretary of State spoke about the new Energy Public Policy Act, which is aimed at phasing out the use of fossil fuels “so our next generation enjoys 100 percent renewable energy production,” a release reads.

“With the signature of Governor Rosselló of the Energy Policy Act of Puerto Rico, we took a historic step. Undoubtedly, this measure, which presents a robust and reliable system in which renewable energy will be integrated with the consumer as a producer, is attractive to attract foreign investment and even establish manufacturing and component assembly centers on the island with the potential for export to the region. We are definitely showing to foreign investors that we are acting with determination, that they can trust the Governor’s commitment to transform our energy system into a resilient one. We are heading toward a new and reliable system in our infrastructure,” Rivera said.

The official also visited the Joint Interagency Task Force South and met with the commander of the Seventh Coast Guard District, Rear Adm. Peter Brown, and its leadership, with whom he discussed the joint federal and state agency efforts regarding security, illegal immigration and contraband in the district, which includes Puerto Rico, Florida, Georgia, South Carolina and the Caribbean region.

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