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Power companies say Government owes them US$706.7M

Santo Domingo.-  Dominican Republic’s power companies grouped in the ADIE on Wednesday said the Government owes them US$706.7 million as of July 20, of which US$601.4 million has expired.

It said as of the third week of July, the balance spiraled by US$62.7 million, or a 9.7% jump.

ADIE said the power company EGE Haina is owed US$270.9 million, entirely expired, and US$209.9 million to AES Dominicana, of which US$141.7 million is expired.

In that week in July the debt in arrears accounted for 70% of the total, whereas the past due amount jumped to 85% in July.

In its electric system situation report for the first half, ADIE affirmed that nearly 60% of the energy was generated from low-cost sources during that period, such as natural gas, coal and hydroelectrics.

It adds that the power plants fueled with more expensive fuels accounted for 36% of the supply.

Cost per kilowatt hour

The power companies estimate that the average price which the distribution companies (EDES) pay 16.63 cents US per kWh.

Source: DT

Category: DR News |

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Last updated October 20, 2016 at 7:03 PM
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