In 2018, CPM was selected to provide P3 Procurement Services for an Operation and Maintenance contract of the transmission and distribution (“T&D”) system of the Puerto Rico Electric Power Authority (“PREPA”). The project reached successful commercial and financial close in 2020. 

Additional Highlights: 

• CPM also provided local technical support and due diligence preparation services to ensure an effective P3 procurement process. 
• This represented a transformational P3 O&M contract for Puerto Rico’s energy sector. 
• The O&M contract is for a fifteen-year term and effectively transfers risks operational and maintenance risks to the private operator.