NewsWhore
07-23-2008, 05:00 PM
Non-payment by some of the agencies that receive electricity on the spot market is affecting the electricity generators' economic operations, and this is causing a reduction in the level of service and even the possible closure of some of the generators that cannot maintain themselves financially because they are not receiving the necessary money to stay on-line in the next few days. Delays in payment have extended to 90 days or more in some cases. This information is contained in letters sent to the Superintendent of Electricity with copies sent to the National Energy Commission, the Coordinator of Electricity, the CDEEE and EGE-Haina. The letters call on the authorities to establish procedures that oblige participants in the electricity market to pay within the timeframe established in the law.
One of these letters, which reached Listin Diario, says that there is a financial "imbalance" because EGE-Haina does not pay some of the companies that purchase electricity on the spot market. Reports say that these debts reach RD$160 million. Among the complaints contained in the letter is a reference to a 139 KVA transmission line being build by EGE-Haina outside the framework of the law.
More... (http://www.dr1.com/index.html#7)
One of these letters, which reached Listin Diario, says that there is a financial "imbalance" because EGE-Haina does not pay some of the companies that purchase electricity on the spot market. Reports say that these debts reach RD$160 million. Among the complaints contained in the letter is a reference to a 139 KVA transmission line being build by EGE-Haina outside the framework of the law.
More... (http://www.dr1.com/index.html#7)