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Pending Retirees to Receive First Annuity Payments

A $1 million advance on the $2.1 million employees’ prior periods missing contributions has been received from the Government of…

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Gov. John deJongh Jr. offers News Years wishes, and thanks to the people of the Virgin Islands for the honor of electing him to serve as their governor.

 
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UVI’s Economic Impact on the Territory Is $83.5 Million

An independent economic assessment estimates that the University of the Virgin Islands had an economic impact of $83.5 million on the territory in 2013. The 64-page report titled “Restoring Growth, Expanding Opportunity” was conducted in 2014 by Appleseed Inc., a New York-based economic development consulting firm.

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2015-03-06 11:18:18
WAPA to Implement Outage Management System, Interactive Voice Response

WAPA will implement an Outage Management System (OMS) on St. Croix on Monday, March 9. An OMS gives WAPA the ability to efficiently identify and resolve outages, and to generate and report valuable historical information,

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2015-03-06 10:56:06
VIEDA, EDA to Host Free Small Business Camp Weekend

The Virgin Islands Economic Development Authority's (VIEDA) Disaster Small-Midsized Enterprises Incubation Program and the Small Business Camp will host a Small Business Camp Weekend training program for entrepreneurs, executives, non-profit leaders and anyone that has a business idea.

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2015-03-06 00:45:38
Local news — St. Croix
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WAPA Receives 27 Proposals for Solar Power Project

More than two-dozen companies responded to a request for proposals (RFP) by the V.I. Water and Power Authority to purchase solar photovoltaic generation from independent power producers, the utility announced.

WAPA's bid process for the project closed Tuesday, and Executive Director Hugo Hodge Jr. said the utility received 27 bids.

“We are excited about the large number of respondents who have made submissions and are looking forward to diversifying our generating portfolio by adding renewables to the mix,” he said.

The authority is seeking photovoltaic generation to lower the cost of power production in the territory. The RFP said the utility will sign a 20-year power purchase agreement to procure electricity generated from solar energy from one or more selected companies with an option to renew for another five years. Winning bidders will be responsible for constructing, operating, and maintaining the projects.

WAPA is seeking a maximum of 10 megawatts of electrical capacity, allocating approximately five each to its generation facilities on St. Thomas and St. Croix.

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According to Hodge, the bid documents submitted by the 27 companies will be examined by an evaluation committee made up of WAPA technical personnel, representatives from Energy Development in Island Nations from the U.S. Department of Energy, and other technical and legal consultants. He said the the committee will short-list the bidders, probably by Oct. 25, and then begin negotiations with the selected respondents.

The RFP, which can be viewed in the link below, called for a guaranteed commercial operation date of December 2013.
 

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Hey, Hello! Has anyone read about the "success" of solar power? You may as well dump the money into the sea.

What's the typical cost of the 25 year contract? Ironically, leasing or renting is always more lucrative for the territory.
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