NewsWhore
10-14-2008, 02:20 PM
State Electricity Company (CDEEE) vice president Radhames Segura says the government will release US$100 million of the US$364 million of government arrears with power companies no later than 25 October. As reported in Hoy, CDEEE figures reveal that the government maintains a debt of US$88 million with EdeNorte, US$124 million with EdeSur and US$151 million with EdeEste. Last week Segura Segura told El Caribe, "some plants are out of service for fuel, and naturally that lack of fuel is due to lack of payment. Blackouts are due to the lack of payment with some power generators." Segura has continuously blamed the rising price of petroleum for the government's inability to keep up with the power bills. Meanwhile, Segura says that the financial blackouts would continue.
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