NewsWhore
07-01-2009, 04:30 PM
The Dominican government has officially purchased the EdeEste energy distribution company from its previous owner Trust Company West (TCW). The distributor was purchased for a price of US$26.5 million and Gerardo Sosa, formerly of EdeNorte, was immediately appointed as EdeEste's new general manager.
Sosa said that over 1,000 employees who currently work at EdeEste would remain in their jobs, regardless of political affiliation, especially if they are actually doing their job.
State-run Electricity Companies (CDEEE) vice president Radhames Segura says that details of EdeEste's debt and details of the purchase would not be made public for the time being.
Segura did say that he hoped the new changes would lead to more efficiency in payment by customers.
Listin Diario reports that as part of the deal, TCW agreed to withdraw four pending lawsuits totaling US$680 million, against the government.
More... (http://www.dr1.com/index.html#6)
Sosa said that over 1,000 employees who currently work at EdeEste would remain in their jobs, regardless of political affiliation, especially if they are actually doing their job.
State-run Electricity Companies (CDEEE) vice president Radhames Segura says that details of EdeEste's debt and details of the purchase would not be made public for the time being.
Segura did say that he hoped the new changes would lead to more efficiency in payment by customers.
Listin Diario reports that as part of the deal, TCW agreed to withdraw four pending lawsuits totaling US$680 million, against the government.
More... (http://www.dr1.com/index.html#6)