NewsWhore
06-03-2009, 03:40 PM
The business sector, led by the National Business Council (CONEP) has come out against the government's decision to purchase energy distributor Ede-Este. During a press conference, Conep president Lisandro Macarulla argued that the purchase of Ede-Este changes the government's role. He said the government should only be a regulator and not an investor in private business. He stated that government should not compete with the private sector, adding that its presence in the sector makes it less attractive for potential foreign investors.
Ede-Este was the last energy distributor to remain in private hands after the other two Edes, Ede-Norte and Ede-Sur were bought back by the state at the end of the Hipolito Mejia administration in 2003. Macarulla also commented on his concern about the cost that the purchase of Ede-Este would represent to the state. Macarulla explained that RD$300 million was budgeted for the energy sector but this figure is currently at RD$700 million.
More... (http://www.dr1.com/index.html#4)
Ede-Este was the last energy distributor to remain in private hands after the other two Edes, Ede-Norte and Ede-Sur were bought back by the state at the end of the Hipolito Mejia administration in 2003. Macarulla also commented on his concern about the cost that the purchase of Ede-Este would represent to the state. Macarulla explained that RD$300 million was budgeted for the energy sector but this figure is currently at RD$700 million.
More... (http://www.dr1.com/index.html#4)