WAPA Announces Results of Consecutive Board Meetings

The Virgin Islands Water and Power Authority completed two back-to-back board meetings held on June 27 and June 28, the agency announced.

During the June 27 board meeting, several critical decisions and updates were discussed. VIElectron’s solar installation progress was noted, with batteries already installed onsite. Medium-voltage terminations are currently in progress. The Petronella battery lease was brought before the board, but the motion for its approval resulted in a tie and was not carried out, with votes split between board members. The board did approve a motion to engage in direct discussions with VIElectron to address outstanding items, according to the press release,

Additionally, Lorraine Kelly, interim chief financial officer, presented the 14th supplemental bond resolution, which included extending the 2022 Bond Anticipation Notes. This extension allows the July 1 Bond Anticipation Notes to be extended to Aug. 1, facilitating the transition of the outgoing Chief Executive Officer/Executive Director Andy Smith, the press release stated.