NewsWhore
01-07-2009, 06:00 PM
Government electricity officials say that the sector's subsidy will total US$600 million less in 2009 than in 2008. The subsidy will decrease from US$1.63 billion in 2008 to US$452 million in 2009, according to Radhames Segura, spokesman for the State-run Electricity Companies (CDEEE). The reduction is due to the decline in fuel prices. Segura also mentioned the construction of the Pinalito (50MW), Palomino (80MW) and Las Placetas (87MW) hydroelectric plants that will considerably improve energy production. Segura went on to speak of efforts to replace 13 million light bulbs, which could save the energy sector 170MW of power per month. Finally, Segura explained that the subsidies for the Blackout Reduction Program (PRA) would be passed on to Solidaridad welfare cardholders. In 2008 the government spent US$160 million monthly to implement the PRA in 150 neighborhoods.
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