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Pay the US$700M debt, power companies tell the government

Santo Domingo.- Dominican Republic’s power companies (ADIE) on Thursday demanded payment of a debt of more than US$700 million they affirm is five months in arrears for electricity supplied to the state-owned utilities (EDES).

The ADIE said the debt makes the power companies’ operations untenable, for which the call on the Government to make greater effort to pay the accumulated debt. “To honor this commitment is the only guarantee that exists to ensure the electrical system’s sustainability in the short term.”

It stressed that the debt owed is for energy supplied and consumed, and that they need the funds to buy fuel to continue operating the plants. “Despite this fact, the power companies have continued to operate because of our commitment with Dominican society, to the point of financing the lack of payment by the EDES.”

Source: DT

Category: DR News |

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Last updated March 25, 2017 at 5:40 PM
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