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.
Category: DR News |