Grid Revitalization Forum to take place July 14-16

By The Star Staff

The 3rd Puerto Rico Grid Revitalization Forum -- PR-GRID Virtual -- an annual event that brings together the main opinion leaders on economic development topics in the area of energy, will take place July 14 to July 16.

Co-hosted by the Puerto Rico Manufacturers Association (PRMA), PR-GRID Virtual will gather the market to chart a course to fulfill the objectives of Law 17, which calls for the Puerto Rico Electric Power Authority (PREPA) to rely on 40 percent renewable energy sources by 2025, and 100 percent by 2050.

“Great goals entail great challenges in the economic field, infrastructure, manufacturing, human resources, financing and public policy, among others,” PRMA President Carlos Rodríguez said in a written statement. “The Manufacturers Association, as a leading organization that brings together the island’s industrial sector, feels committed to promoting a conversation focused on solutions. We are excited to co-sponsor with New Energy Events this type of event that adds value to both our partners and the business ecosystem.”

PR-GRID Virtual takes place against the backdrop of the COVID-19 pandemic, the earthquakes that seriously damaged several of Puerto Rico’s power generation assets in January, and the onset of hurricane season.

Rodríguez noted that this year the event brings together key executives in the field of renewable energy. All public or private companies related to the field of renewable energy are invited to participate.

During the three days, the forum will include the participation of Rear Adm. Peter Brown, representative of the United States government for disaster recovery in Puerto Rico; Puerto Rico Economic Development and Commerce Secretary Manuel Laboy; PREPA Executive Director José Ortiz; Natalie Jaresko, executive director of the Financial Oversight and Management Board for Puerto Rico; and Wendy Perry, president of the Pharmaceutical Industry Association of Puerto Rico, among other prominent speakers.

The groups will discuss ways to make PREPA’s grid more durable and will also discuss the restructuring support agreement that will restructure PREPA’s $9 billion debt.

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