NewsWhore
05-15-2009, 04:20 PM
State-Run Electricity Companies (CDEEE) vice president Radhames Segura announced yesterday that within 15 days the government would present a plan to pay its US$450 million debt with the energy distributors. Segura said that during a meeting with President Leonel Fernandez and other representatives from the energy sector it was decided that a US$250 million bond would be issued, buying some more time for the government. According to Listin Diario, the government has been dragging its feet on this debt since 2004.
As part of the government's plan there will be an application for a credit line from the Colombian Exterior Commerce Bank for the purchase of petroleum, which the government would then provide to the generators. Marcos de la Rosa, speaking on behalf of the generators, expressed his concern about the situation due to the US$600 million debt they are owed. Government arrears translate into an increase in blackouts for consumers.
More... (http://www.dr1.com/index.html#7)
As part of the government's plan there will be an application for a credit line from the Colombian Exterior Commerce Bank for the purchase of petroleum, which the government would then provide to the generators. Marcos de la Rosa, speaking on behalf of the generators, expressed his concern about the situation due to the US$600 million debt they are owed. Government arrears translate into an increase in blackouts for consumers.
More... (http://www.dr1.com/index.html#7)