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Back Local News GPA partners with Vital Energy

GPA partners with Vital Energy

Thursday, 01 Nov 2012 03:00am
BY LOUELLA LOSINIO | VARIETY NEWS STAFF
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GUAM Power Authority recently embarked on an agreement with Vital Energy Inc., allowing the FSM-based firm to build and operate a 100-kw solar array project at GPA’s bulk fuel facility in Piti.

GPA’s bulk fuel facility supplies nearly all of Guam’s energy needs. Last April, after a competitive bidding process, Vital Energy was selected to manage and operate the fuel facility on-island.

“We aim to be the only petroleum corporation in the region that distributes fossil fuels from entirely renewable means,” Vital board chairman William Hawley said in a news release. “Our solar projects will complement our biofuels program being launched in 2013 and move us slowly but surely towards this goal.”

Vital, and its parent company FSM PetroCorp, currently spend between $300,000 and $400,000 annually in electricity bills.

Through the application of the latest renewable technologies, the company will be able to significantly reduce utility costs and pass on operational savings to its customers.

“Current electricity expenses comprise approximately 25 percent of our total operation cost,” Vital chief operating officer Jonathan Perez said. “The installation of a solar system, whilst capital intensive, will provide long-run cost benefits that will enable us to allocate resources towards maintenance and safe operations of the GPA facility, and ultimately provide GPA with long-term savings.”

In a letter to Perez, GPA general manager Joaquin Flores thanked Vital for its investment in renewable energy and its efforts to reduce the facility’s dependency on imported fuel. “We look forward to a productive and mutually beneficial partnership with Vital,” Flores said.

Comments  

 
0 #2 johnsmith 2012-11-01 10:14
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There are 2 companies I found under the name Vital Energy Inc.

One is in Thousand Oaks, California, the other in Deleware.

Why am I always suspicious of anything our beloved GG does with my money....

Hasta
 
 
0 #1 johnsmith 2012-11-01 10:02
A few months ago, perhaps a year, GPA signed 2 contracts with off island companies to supply Guam with electricity from wind and solar.

What ever happened to those 2 companies ?,,

HASTA
 

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