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Proposal a Caribbean first
1 May 2000
Enron Wind Corp has proposed a 60 MW wind farm for Puerto Rico which the Caribbean island's state owned power utility, Prepa, is considering, says the utility's Teodoro Rodriguez. Investment in the 30 MW first phase is likely to be around $30 million. Rodriguez says Prepa will probably finish its evaluation in June, after which Enron would have to secure permits from the regulator and sign a power purchase agreement (PPA) with the utility. Prepa is legally obliged to buy power that is cheaper than either its own plants or the power it buys in other PPAs, he continues, adding that current generation costs are approximately $0.05/kWh. Prepa would pay only for energy supplied and not capacity available, Rodriguez explains, adding that the exact details would be defined when and if the PPA is signed. Enron Wind's Rafael Alcalde Navarro declines to comment, explaining that it is Enron policy not to talk about potential projects.
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