NFE Subsidiary Awarded Contract to Manage Puerto Rico’s Power Generation System
New Fortress Energy announced that Genera PR LLC (“Genera”), an independently managed subsidiary of NFE, has been selected by the Puerto Rico Public-Private Partnerships Authority (“P3A”) for a 10-year Operation and Maintenance Agreement (the “Agreement”) with the Puerto Rico Electric Power Authority (“PREPA”).
Headquartered in San Juan, Puerto Rico, Genera is a power and energy service provider founded by NFE to support Puerto Rico’s transition to clean, affordable and reliable energy. Under the Agreement, Genera will operate, maintain, decommission and modernize the PREPA-owned thermal power generation system of approximately 3,600 MW after a mobilization period. In this role, Genera will manage the operating budget, fuel contracts and federal funds for the generation fleet on behalf of PREPA.
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