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View Full Version : CDEEE will pay up



NewsWhore
11-11-2008, 03:10 PM
The State-run Electricity Companies (CDEEE) says that it would pay the energy generators US$54 million by the end of this week, in three installments: US$6 million today, US$20 million on Wednesday and US$28 million on Thursday. This is the third time in less than a month that the CDEEE promised to pay the generators part of the government's outstanding debts. Segura assured the public that by paying the RD$54 million, the entrance of two energy generators into the grid and the arrival of fuel tankers, the blackouts would diminish. Segura says the energy deficit has been reduced by 585MW in the last few days. The generators recently confirmed they had been turning off generators because the government was in arrears. On 13 October the CDEEE first announced they would pay the generators US$46 million. No payment was ever made and the blackouts ensued. In the midst of blackouts that have lasted as long as 24 hours in some sectors, the National Business Council (CONEP) proposed a plan to regulate the energy sector.

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