Board of Directors of the Authority for Public-Private Partnerships unanimously approves the Partnership Contract for the Operation and Maintenance of Legacy Generation Assets of the Electric Power Authority

This Authority for Public-Private Partnerships release was published using machine translation.

San Juan Puerto Rico. January 15, 2023 . – The Atty. Fermín Fontanés Gómez, executive director of the Authority for Public-Private Partnerships (AAPP), informed today that after attending to the comments and requests of all the directors of the Board of Directors of the AAPP, including the representatives of the public interest, said The Board unanimously approved the Partnership Contract for the Operation and Maintenance of the Legacy Generation Assets of the Electric Power Authority (AEE). Said approval was given after a series of meetings in which the details of the project were discussed, the doubts of all the directors were clarified and the suggestions of the directors were addressed.

This is just one step in the approval process required in accordance with Law 29-2009 of the Public Administrations and Law 120-2018, Law to Transform the Electric System of Puerto Rico. After this approval, the Partnership Contract for the Operation and Maintenance of PREPA's Legacy Generation Assets will be referred to PREPA's Governing Board and ultimately to the Office of the Governor of Puerto Rico for its endorsement. In accordance with the provisions of Law 29-2009, once said approvals are obtained, the details of the project will be communicated.