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  • Writer's pictureThe San Juan Daily Star

PREPA submits amendments to Salinas, Jobos renewable contracts

By The Star Staff

The Puerto Rico Electric Power Authority (PREPA) has submitted to the Puerto Rico Energy Bureau amendments to its contracts with Clean Flexible Energy (CFE), seeking cost savings of some 5.77% across four contracts, according to a recent motion.

The approval of the revisions is crucial in the process for obtaining financing from the U.S. Department of Energy’s (DOE) Loan Program Office, which CFE is seeking, the May 31 document noted.

On Aug. 26, PREPA and CFE signed two contracts for the Salinas and Jobos projects. On that same date, PREPA and CFE entered into a contract for the Salinas battery project and the Jobos battery project. Each project comprised 100 megawatts (MW) with a duration of four hours.

CFE is obtaining financing from the DOE loan office, and as part of the process, amendments to the contracts are required.

The proposed amendments include total energy cost savings of $5/MW-hour for the power purchase operating agreements, and $0.50/kilowatt-month savings in the ESSAs (battery storage). As such, the total savings between the original and new costs is estimated at 5.77% of all projects combined.

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