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Korean company hired to improve power lines

Santo Domingo. – The Ede-Norte and Ede-Este electricity distributors and the Korea Electric Power Corporation (KEPCO) signed separate amendments to two current contracts, to improve power lines and cut losses, adding around US$5 million to the around US$30 million initial project promoted by the Inter-American Development Bank (IDB) in 2011.

The CDEEE said in Ede-Norte’s case, the amendment seeks to capitalize the experienced workforce to rebuild power lines, and materials procurement.

According to a statement from the utility, the funding provided by the IDB will pay the Korean company which carriers out the work. Ede-Norte received US$3.4 million, which added to the original amount of US$18.7 million, totals US$22.1 million

Ede-Este will receive US$1.3 million, which added to the US$11.9 million, total US$13.2 million.

The amendments to the original contracts were signed by CDEEE CEO Ruben Jimenez, the managers of EdeNorte, Julio Cesar Correa and of EdeEste, Luis de Leon, and Sin Joon Ho for Kepco.

Source: DT

Category: DR News |

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Last updated December 10, 2016 at 11:35 PM
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