Speaking at the conference, Gov. Luis Fortuno was quoted as saying, "This is a permanent savings in people’s pockets. We have to stop depending on petroleum." Much of Puerto Ricos electricity is generated by petroleum-based power.
AES Solar will build the power plant, which has been funded from private sources. The Puerto Rico Electric Power Authority will buy the power produced by the plant in a 20-year deal.
Construction began on the 24 megawatt (MW) project in September and the plant is expected to begin production in summer 2012.
msnbc has reported that the Governors press conference highlighting the savings due under the power-plant development, comes amongst customer outrage over high power bills. There has also been protests in Puerto Rico against the islands state-owned power utility which plans to build a natural-gas line across the island.
In response to the protest, Governor Fortuno is quote as replying: Either we want cheaper power, or we dont.