Request for qualifications issued to manage Puerto Rico utility’s transmission, distribution system
SAN JUAN – The Puerto Rico Public-Private Partnerships Authority (P3A) is requesting, through a public-private partnership, the management, operations, improvements, financing and maintenance of the Puerto Rico Electric Power Authority’s (Prepa) transmission and distribution (T&D) system.
The P3A’s Project Partnership Committee is conducting a competitive request for qualifications (RFQ) process by requesting a statement of qualifications (SOQ) from companies or consortiums that meet the requirements “to carry out the transformation and modernization of the Puerto Rico energy system,” reads the announcing release issued by the governor’s office, La Fortaleza.
“This process is an essential one for the transformation of our energy system. We will have the opportunity to give way to an energy system that responds to the real needs of the People of Puerto Rico and that, additionally, benefits from a total transformation of how we distribute and transmit energy,” Gov. Ricardo Rosselló said in the release.
The company that undertakes the project “must have the experience to also administer and use federal disaster recovery funds, which may be available for the transformation of PREPA,” La Fortaleza said.
“We have considered some key objectives to get this project underway,” P3A Executive Director Omar Marrero added. “These include, among others, developing a low-cost energy transformation process, energy resilience, developing new technologies, adequate capital investment, operational excellence, and financial sustainability.”
The deadline to submit qualifications is Dec. 5 at 5 p.m.
“The results of the RFQ process will be announced during the second week of January 2019,” La Fortaleza said, adding that “Citigroup Global Markets Inc., one of the main advisors in the transformation process of Prepa,” is part of the RFQ.
“Along with the permits reform, the labor reform, and the new tax model, this new energy reform will make of Puerto Rico a much more competitive place, which will allow us to further improve the number of jobs and the economic indexes, which so far have established unprecedented improvement,” Rosselló said.