Cobra signs $900 million Puerto Rico power contract
Cobra Acquisitions LLC has signed a one-year $900 million contract with the Puerto Rico Electric Power Authority (PREPA) to help rebuild the country’s damaged energy infrastructure.
Cobra, a wholly-owned subsidiary of Mammoth Energy Services, has been awarded the contract in order to “complete the restoration of the critical electrical transmission and distribution system components damaged as a result of Hurricane Maria as well as to support the initial phase of reconstruction of the electrical power system in Puerto Rico.”
Arty Straehla, Mammoth’s Chief Executive Officer, stated, “We are very proud of our Cobra team in Puerto Rico and look forward to continuing our relationship with the Commonwealth of Puerto Rico, PREPA and the citizens of Puerto Rico. Through the team’s hard work, professionalism and technical ability, we have been selected to lead this very important effort to complete the restoration phase and transition to the reconstruction phase of the electric utility system in Puerto Rico, which is expected to last for several years. The reconstruction of the electric utility infrastructure will improve the reliability and quality of service for the citizens of Puerto Rico.”
“ This contract award is in addition to the original contract to provide restoration services that Cobra entered into in October 2017, as amended.”, said the company in their press release.
Source: Mammoth Energy
Photo (for illustrative purposes): Army Reserve Soldiers work to bring power back to Puerto Rico/ Greg Fuderer (USACE)/US Army Reserve Photo Gallery/ Public Domain