Energy regulator greenlights 38 LUMA T&D projects totaling $653 million
By The Star Staff
The Puerto Rico Energy Bureau (PREB) has allowed LUMA Energy to build some 38 projects totaling $653 million, PREB Chairman Edison Avilés Deliz announced Tuesday.
The works are part of the reconstruction plan for the island’s energy transmission and distribution (T&D) system.
On Oct. 4, LUMA Energy submitted 38 project statements, or SOWs, which include 26 power substation projects, 11 transmission projects and a telecommunications project.
The project declarations include the repair or replacement of existing substations, the repair of transmission lines and the implementation of physical security projects.
As part of the work plans, LUMA Energy also included a Class 5 cost estimate for each project which details materials, construction, labor, equipment, engineering, permits, administration and contingencies.
Avilés Deliz specified that the 38 projects that were authorized to LUMA Energy are part of the 10-year infrastructure plan presented by the Puerto Rico Electric Power Authority in December 2020.
“These projects are now being approved by the staff of the Federal Emergency Management Agency (FEMA), as well as the Central Office for Recovery, Reconstruction and Resilience (COR3),” he said.
The chairman of the PREB, which is a component of the Public Service Regulatory Board, also indicated that “after reviewing the motion presented by LUMA on October 4, the independent body determined that the projects presented are necessary to improve the reliability of the system and that this represents an investment of $652.58 million, according to the cost estimate provided.”
“We continue to work hard, taking affirmative steps toward the development and progress of our electrical system,” Avilés Deliz said. “Certainly, there is a long stretch to go; now, in the union of purposes and in compliance with our regulations, we will be approving and promoting everything that improves the electric power service for the benefit of all Puerto Ricans.”