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Dominican Republic embraces natural gas for energy

Santo Domingo.- The State Owned Electric Utility (CDEEE) and the companies Gazprom International and Transgaz Caribe signed a memo of understanding on projects to generate power and to supply natural gas.

The agreement is part of the CDEEE’s efforts to change the current generation fuel, mostly oil, with a more efficient, cheaper, stable and secure supply of natural gas that the Dominican market will require.

The document was signed by CDEEE CEO Ruben Jimenez Bichara, and the presidents of Transgaz Caribe, Ricardo Canalda, and Gazprom International, Valeriy Gulev.

Jiménez hailed the willingness of entrepreneurs to help fix the country’s electricity problem, citing a recent study that showed a need of an additional 600 megawatts more to avert a worsening situation. “We understand that gas is the solution to this problem.”

Canalda stressed the memo’s importance and said he expects to supply the natural gas require by the power plants within 18 months.

Source: DT

Category: DR News |

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Last updated December 4, 2016 at 1:52 AM
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