USVI Water & Power Authority

Business View Caribbean 11 speech he gave at the Caribbean Energy Security Sum- mit in Washington, D.C. “Some people out there think that it can’t be done in the Caribbean,” he said. “They are dead wrong. Not only can it be done, it is being done right now. Look at what the U.S. Virgin Islands are doing. They’re combining renewable energy with propane to lower costs and secure their supply, sav- ing rate payers 30 percent on electric bills. That’s real money.” As WAPA begins its second half century, the people of the U.S. Virgin Islands can be sure that their public utility will continue its ongoing mission of bringing “dependable, reliable, and cost- effective water and power to the citizens of the territory.” Hugo Hodge, Jr., WAPA’s nine-mem- ber board of public and private sector members, all of its busi- ness partners, and its almost 600 employees will see to that. PREFERRED VENDORS Sulzer Turbo Services - Sul- zer is the leading independent service provider for all brands of rotating equipment such as turbines, pumps, compressors, generators, and motors. The company serves a number of in- dustries with maintenance and service solutions worldwide, in- cluding the Oil and Gas, Chemi- cal Processing, Power Genera- tion, Water, and Pulp and Paper sectors, among others. Sulzer is permanently striving for the best solutions by developing new repair methods and by acquiring businesses that are in adjacent areas. It has acquired companies all around the world to strengthen its leading market position and to enhance its relationship with its customers. - www.sulzer.com FirstBank - First chartered in 1948, FirstBank was the first Savings & Loan institution established in Puerto Rico. In 2002, FirstBank acquired Chase Manhattan Bank operations in the Virgin Islands, and in 2008,