Dominican Republic group starts US$302.3M natural gas port
San Pedro, Dominican Republic.- President Danilo Medina and executives of the group Antillean Gas, Ltd, broke ground Tuesday to build a natural gas terminal, at a cost of RD$13.0 billion (US$302.3 million), which he affirms means major savings for the country, on competitive prices and guaranteed supply.
Antillean Gas Vice President Rolando González said the use of a cheaper and cleaner fuel will allow the transformation of more than 1,000 megawatts of power generation. The facility will store 127,000 cubic meters of natural gas, with a yearly supply of more than one million metric tons.
“We’re pleased with the Dominican government’s and the business community’s vote of confidence, since this major investment will allow good results for the energy system, the industrial sector and the entire country,” the executive said.
For Vicini group senior executive Juan Vicini, the terminal would supply natural gas would allow converting thousands of megawatts from several power plants located in San Pedro (east), and fuel distribution to residential, industrial and transport customers.
Antillean Gas Ltd, is formed by the companies COASTAL (Propagas and Tropigas), PROMIGAS, IPSON, InterEnergy and BW.
Leading local and foreign companies collaborated in the ambitious facility’s design, engineering, construction and operation within COASTAL’s terminal, located on San Pedro’s coast.
Category: DR News |