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Power companies: government’s US$$776.7 debt untenable

Santo Domingo.- The Dominican Republic’s power companies (ADIE) on Sunday said they’re concerned with the government’s mounting debt of more than US$$700 million and the current losses which they affirm make their business unsustainable.

It said the electricity distributors (EDE) owe them US$776.8 million, and urged the Government to pay since “we have no possibility to continue to operate efficiently under these circumstances.”

ADIE said the Government must make stronger efforts to comply with the accumulated debt, since honoring its commitment is the only guarantee of an electricity supply and the system’s sustainability in the short term.

Source: DT

Category: DR News |

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Last updated October 24, 2016 at 6:05 PM
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