Power Sustainable–backed Envocore awarded $129 million contract for Puerto Rico water meter modernization program
Type: Supply Agreement · Technology: Water Waste · Country: United States · Value: $129M · Announced: 2026-09-03
Envocore, a portfolio company of Power Sustainable, secured a five-year, $129 million contract to modernize Puerto Rico's water infrastructure by replacing approximately 1.5 million ultrasonic water meters and deploying advanced metering infrastructure endpoints across all 78 municipalities. The program, awarded by the Puerto Rico Aqueduct and Sewer Authority (PRASA), aims to provide real-time, accurate water consumption data to reduce system losses and improve resource efficiency. Power Sustainable invested in Envocore in January 2026 to support its expansion in energy efficiency and utility services, with Envocore having completed over 3,800 projects across North America. The modernization effort is expected to enhance PRASA's operational reliability and long-term resilience for Puerto Rican communities. Karine Khatcherian, managing partner at Power Sustainable Decarbonization Private Equity, highlighted the project's role in supporting economic prosperity and environmental sustainability through better water management.
Analysis
Power Sustainable’s portfolio company Envocore was awarded a five‑year $129 million contract by the Puerto Rico Aqueduct and Sewer Authority (PRASA) to replace about 1.5 million ultrasonic water meters and install advanced metering infrastructure across all 78 municipalities. Power Sustainable L.P., a Montréal‑based subsidiary of Power Corporation of Canada, manages over $4.5 billion in assets across global alternative‑asset platforms. Envocore has completed more than 3,800 projects in North America. The contract, announced on 3 September 2026, requires real‑time consumption data collection to reduce system losses and improve resource efficiency for PRASA.
Key points
- $129 million contract value
- Five‑year contract length
- Approximately 1.5 million ultrasonic water meters to be replaced
- All 78 municipalities of Puerto Rico covered
- Power Sustainable L.P. manages over $4.5 billion in assets
Counterparties
- Puerto Rico Aqueduct and Sewer Authority (PRASA) (Offtaker)
- Envocore (Supplier)
- Power Sustainable L.P. (Parent Company)
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