US$167M spent to cut energy losses go up in smoke
Santo Domingo.- During the last five years just US$167 million have been spent on plans to reduce losses of electric power, when US$750 million was needed in that period.
The negative economic results have kept the electricity distributors (Edes) from obtaining the funds to develop projects to cut losses in volume and regularly required to produce substantial changes in the indicators of financial recovery and losses.
According to the Edes’ Strategic Plan to Reduce and Control Energy Losses designed by the State-owned Electric Utility (CDEEE), losses from energy theft, and from the at least 1.7 million users who don’t pay reached 36.6%.
The report also notes that the Edes have had a of US$2.5 billion deficit in the last five years, “as a result of the negative balance of payment versus energy served to users.”
Category: DR News |