![]() ![]() The Guam Power Authority and the Korea Electric Power Corporation signed a contract this afternoon to build a new power plant in Dededo by October 2022. Guam launches KEPCOs Ukudu power project, opens Mangilao solar farm. KEPCO will build and operate the plant for the next 25 years before turning it over to GPA. The Korean electric power company vice president Guen Bae Seo joined GPA general manager John Benavente for the signing of the new power agreement. ![]() GPA says the cost of the contract for GPA ratepayers will be about $2 billion dollars over the next 25 years, not counting the variable cost of fuel. However, Benavente emphasized that the new power plant will both lower consumer power bills and bring environmental benefits to the island. “This plan will reduce several million gallons a year and that’s very friendly. On the electricity side, energy is supplied by The Guam Power Authority (GPA), an electric utility that supplies monopoly electric services throughout Guam, including to all US Department of Defense military bases, various components of the Government of Guam, and a vibrant shopping and hotel industry. ![]() The average customer’s bill is projected to be 7.95 lower, beginning in 2023, when the power plant is expected to start operating. The 198-megawatt Ukudu power plant will replace the last two functioning Cabras units.Īnd in addition to that at affordable costs to our ratepayers,” Benavente said. The Consolidated Commission on Utilities on Sept. It’ll burn ultra-low-sulfur diesel which is a more expensive fuel but because of its efficiencies, GPA says your monthly power bill should drop by about 8 percent. Landowners and other stakeholders on Friday night voiced their opinion on a bill that would rezone some Dededo lots in Ukudu to an industrial one, so that a new 180-megawatt power plant can be built. It also has the capacity to burn natural gas once the infrastructure is in place to handle it and Benavente said it will enable more renewal energy sources to be brought online. NEXT STEP: Dignitaries line up for the groundbreaking for the Ukudu power plant on July 20, 2022, in Dededo.Officials are now planning to transport very large equipment from the Port Authority of. “The new plant will also facilitate another 200K solar pV in this next decade to bring our renewable portfolio to 50 percent. That means that we would have mitigated 50 percent of fuel prices increase impact to our community. He also said renewable energy facilities would require about 3,400 acres of land, which would be a big challenge.ĬCU Commissioner Michael Limtiaco said building a plant using 100% renewable energy could cost about $3.7 million right off the bat, versus some $600 million for the currently proposed contract.That means that’s something that we have never done before,” Benavente said. Ridgell questioned how GPA was able to enter into a solar energy agreement for a 6 cents to 8.5 cents per kilowatt hour while also saying that the new power plant in Ukudu would cost ratepayers about 15 cents per kilowatt hour. “So I don’t understand how this is cheaper for ratepayers when they’ve admitted that it would be around 15 cents per kwh from this new power plant when they just entered into a solar contract," he said.ĬCU Chairman Joseph Duenas and CCU Commissioner Simon Sanchez and Michael Limtiaco, along with GPA General Manager John Benavente, answered senators' questions and justified building a new power plant that they said is "compliant, efficient, cost-effective." In honor of Asian American and Pacific Islander (API) Heritage Month commemorated each May the American Public Power Association’s Public Power Current newsletter is proudly spotlighting the leadership roles our API colleagues have at public power utilities across the United States and at our U.S. In the course of the oversight hearing, the officials explained that the new generator will lower power bills by burning less oil and by providing 24/7 power more reliably than 100% renewable alternatives can provide at this time. If there's lack of sunshine during rainy days, solar energy cannot be relied upon, they said. They added that even most who use solar energy on Guam rely on GPA for backup power, because it's costly to invest in battery energy storage system. "You cannot separate the cost of power from the reliability of power. ![]()
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