5/1/2023 0 Comments Power utility guam dededoThat means that’s something that we have never done before,” Benavente said. That means that we would have mitigated 50 percent of fuel prices increase impact to our community. “The new plant will also facilitate another 200K solar pV in this next decade to bring our renewable portfolio to 50 percent. 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. 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. The 198-megawatt Ukudu power plant will replace the last two functioning Cabras units. ![]() And in addition to that at affordable costs to our ratepayers,” Benavente said. “This plan will reduce several million gallons a year and that’s very friendly. However, Benavente emphasized that the new power plant will both lower consumer power bills and bring environmental benefits to the island. 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. The Korean electric power company vice president Guen Bae Seo joined GPA general manager John Benavente for the signing of the new power agreement. KEPCO will build and operate the plant for the next 25 years before turning it over to GPA. ![]() 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.
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