WAPA Board Approves New Pricing Structure With Apr Energy For Rental Generators
May 11, 2019
With three new generating units on-line and production about to commence
on another four, the governing board of the Virgin Islands Water and
Power Authority Friday approved a renegotiated pricing structure for
three rentals units on St. Thomas.
“The governing board today approved what will be the final phase of
generator rentals from APR Energy at the Randolph Harley Power Plant,”
said Executive Director Lawrence J. Kupfer. The renegotiated pricing
adjusts the rental cost for Unit 25 to a full variable rate of $400 per
fired hour. The rate is retroactive to November 1, 2018 and under terms
of the agreement, there is no minimum use of the 20-megawatt unit, and
if the unit is to be used due to the unavailability of other APR
rentals, the variable rate will not apply.
Kupfer said the agreement is a 20-month contract term, through the end
of 2020, which also adjusts the monthly rental rates for two other
generating units to $475,000 per month, per unit. The unanimous
approval came at an emergency meeting of the board.
Board members in attendance included Vice Chairman Hubert Turnbull,
Secretary Juanita Young, Gerald T. Groner, Esq., Noel Loftus, Bureau of
Internal Revenue Director Joel Lee, Department of Property and
Procurement Commissioner Anthony Thomas, and Cheryl Boynes Jackson.
Board chairwoman Elizabeth Armstrong and V.I. Energy Office Director
Kyle Fleming were excused.