Vitol Contract Extended as WAPA Launches Propane Supply RFP Process

The V.I. Water and Power Authority has granted Vitol a six-month extension to the propane supply contract between the two entities. “We are currently in the process of issuing an RFP to explore long-term propane supply options,” said general counsel Dionne Sinclair. “We're extending the contract with Vitol just to give us time in which to complete that process and get the data we need in order to make informed decisions.” The contract extension will keep to the same terms as the existing agreement. The total monthly cost, Ms. Sinclair said, averages between $14 million and $16 million. Meanwhile, WAPA Executive Director Karl Knight says that he expects the solicitation for bids “to start advertising by Tuesday” for a 45-day period. “I hope to have results that I can bring back to the board by June,” he said, with a finalized agreement in place by August, coinciding with the end of the Vitol contract extension. “Ultimately to the benefit of the consumer, we're about to test the LPG ...