World Bank, IDB tap US$67.0M to rebuild northern region energy grid
Santo Domingo. – The Electricity Distribution of the North (Edenorte), the World Bank and the Inter-American Development Bank (IDB) allocated US$67.0 million to rebuild the energy grids in the Cibao region (north), as part of the effort to restructure the country’s power sector.
The rehabilitation of the networks form part of the strategy supported by international lenders and the State-Owned Electric Utility (CDEEE),
In a statement, Edenorte said with a total of 43 projects in the Cibao, Edenorte expects to recover an average of US$2.5 million each month to reduce losses and increase revenue.
Edenorte itself will pitch in the biggest sum, of US$30.6 million, in 22 projects to benefit nearly 61,500 customers.
Category: DR News |