💧 Water and Power · U.S. Virgin Islands
WAPA CEO issued statement on HUD approval tied to Vitol propane infrastructure acquisition
Official document: https://www.viwapa.vi/docs/default-source/2023-pr/ceo-statement-(10.19.2023)-ceo-smith-responds-to-hud-approval-regarding-the-vitol-acquisition.pdf?sfvrsn=af26eaf1_3
Virgin Islands Water and Power Authority Chief Executive Officer Andrew Smith issued a statement on October 19, 2023, following U.S. Department of Housing and Urban Development approval related to WAPA's planned acquisition of Vitol's propane infrastructure.
In the statement, Smith said the acquisition would improve fuel resiliency by allowing WAPA to maintain access to propane and diesel and increase fuel storage capacity in the territory. He also said the acquisition would support continued use of WAPA generation units that operate on propane.
The archived release was presented as a CEO statement and did not provide additional details about the HUD approval or the transaction.