In the wake of the biggest blackout Puerto Rico has experienced in more than three decades, which has affected more than 1.5 million customers, members of the island’s private sector urged the powers-that-be to push forward with a complete overhaul of the electrical system.
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits.
Oriana Energy LLC, a subsidiary of Sonnedix Group, in partnership with Yarotek, announced Tuesday it has commenced energization of the $160 million Oriana Solar Farm, a 45MW AC (58 MW) solar power plant in Isabela.
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