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Dominican Republic needs a US$10.0B energy fix

Santo Domingo.- A US$10.0 billion investment is what it’ll take to solve the country’s electrical problem, said the CEO of the State-owned electric utility (CDEEE) Ruben Jimenez Bichara Thursday, just hours after the power companies grouped in the ADIE demanded payment of a US$750 debt in arrears.

He said US$1.2 billion are needed just on the power lines and transformers of the grid, “which should’ve been changed more than 50 years ago.”

Jimenez Bichara said it’s time to design a comprehensive plan with all the sector actors: private power companies, government and a mixed sector.

The official also revealed that an American power company, “with more than 100 years of experience,” will enter the market with a gas-fired power plant. He didn’t specify the name or place where the company plans to install its plant, but mentioned the port of Manzanillo as a site to build a gas fired facility.

Speaking on Hoy Mismo Channel 9, Bichara Jimenez added that the country will need to install around 1,451 megawatts in the next four years, to satisfy a demand of around 2,200 megawatts at night.

Source: DT

Category: DR News |

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Last updated December 6, 2016 at 12:34 PM
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