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Dominican Republic ‘clean’ coal-fired plants to recoup US$1.95B cost in 4 years

Santo Domingo.- The two coal-fired plants which Dominican Republic’s State-Owned Electric Utility (CDEEE) builds in southern Peravia Province will cost US$1.95 billion, with a return on investment at around four years.

Ruben Jimenez Bichara, CEO of the CDEEE made the announcement Friday at a luncheon with economic journalists at the Hotel Jaragua, where he said the cost of the two power plants being built at Punta Catalina, Baní will produce 384.9 MW each, burning “clean, pulverized coal.”

He said the plants are expected to save as much as US $500 million per year, while the savings will result from energy distributed more efficiently, and will lead reduce the marginal price on the spot market.

Jimenez said electricity from coal and natural gas cost the least, while the highest energy is from fuel oil, or around 55% of what the Utility buys.

Source: DT

Category: DR News |

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Last updated December 2, 2016 at 1:59 PM
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