NewsWhore
11-14-2008, 05:00 PM
The Dominican government has announced that it will give the Shell Company US$110 million next week to finalize the purchase of Shell's stake in the Dominican Petroleum Refinery (REFIDOMSA). Hacienda Minister Vicente Bengoa also announced that the government would pay energy generators US$23 million. The government owes the generators an estimated US$430 million. State- run Electricity Companies (CDEEE) vice president Radhames Segura said that as well as the US$174 million the government promised to pay the energy generators, the government would provide US$100 million in liquid assets and an added US$30 million to purchase fuel for the generators. Segura says the fuel will be purchased on credit, at a lower rate than had been previously purchased. He failed to expand on this detail.
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