Email sent to PREPA Today All ... I sent this below email today to PREPA executives, The PREB, The Governor, The FOMB, The Resident Commissioner and Admiral Brown (The White House advisor on Puerto Rico)
Mr. Padilla ... Mr. Santos
I wanted to make some information available to PREPA.
Many of the current shovel-ready PPOA's under evaluation have reached out to me either personally or through their agent to sell their project and PPOA to Greenbriar if their project is approved.
This is very much contrary to the request by the FOMB and PREPA that approved candidates do not sell their projects before substantial completion.
This update also reinforces my previous comments to PREPA that the rest of the projects do not and cannot obtain funding, except Montalva. Small projects in PR given the credit issues, are nearly impossible to finance, especially with owners that before the original PPOA award, have no renewable experience.
As you know from our attached 86 page summary to PREPA dated Sept. 10, 2020 there cannot be any mathematical, business, utility, engineering or financial calculations, principles or reasons why Montalva is not rated the #1 project, by any of the consultants PREPA has hired, either or internally or by PREPA staff.
Further, to our position, we are the only project not needing court assumption which defers financing for the others.
To re-cap the best points for Puerto Rico by Montalva, that saves PREPA hundreds of millions of dollars over the life of the contract compared to any other project.
1) Lowest total cost of energy to PREPA.
2) Lowest energy price at 9.85 vs 9.9 or 10.0 in some cases
3) 38% more efficient use of the transmission system by way of 186 Milllion watt hours of battery storage and 2.04 DC to AC overbuild.
4) Energy available after sunlight offering dispatch that others cannot provide.
5) Most expensive project offering reasonable returns than all the other standard non-storage projects with excess returns.
6) System reliabilty improvements outside of our project to San German.
7) Montalva relieves PREPA of battery storage acquisition as project has massive battery storage.
Other factors than go unnoticed:
a) Most technological superior project in the whole USA and Caribbean
b) Thousands of jobs created in a 30% unemployement region.
c) Safest location for hurricanes. Built to class 8.0 scale earthquake standards.
d) Attached info certifies our team has built and financed over 50,000 MW of solar.
We are looking forward to working together with PREPA, FOMB and PREB to ensure the top 150MW are the best.
Best
JEFF CIACHURSKI
Chief Executive Officer
Greenbriar Capital Corp
Greenbriar Capital Holdco Inc
Greenbriar Capital (U.S.) LLC
9 Landport
Newport Beach
California USA
92660
Direct: 949-903-5906
email: westernwind@shaw.ca
www.greenbriarcapitalcorp.ca
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