NewsWhore
07-28-2009, 06:20 PM
The embattled executive vice-president of the State-owned Electricity Corporations (CDEEE) Radhames Segura has said on several occasions that the contracts for electricity generation are burdensome and that they need to be renegotiated. He repeated this again yesterday, and newspaper reporters asked him why this has not been done.
Segura has been in this post for some 10 years now. His answer was that the debt with these businesses, which is close to US$700 million, impedes meaningful dialogue.
According to Hoy, he went on to say something unusual: the state fears that these generators would pressure for payment before renegotiating and after receiving the money they would refuse to do it and turn off their generators.
Segura said yesterday that the state is trying to renegotiate the contracts.
He said that in the light of this situation, the state is trying to find a way to work out a deal with the generators, but so far they have only been able to do this with Palamara, La Vega.
Talks are under way with the managers of Itabo, Haina and Dominican Power Partners.
Segura said that some of the blame for this situation falls on the private sector, because the sector did not come up with the investment it had committed to, and he pointed out that the private sector has not honored its promise to invest in generators that would bring more energy into the grid.
He said that the state has been true to its word and has offered letters of credit, contracts to purchase the energy and other incentives.
More... (http://www.dr1.com/index.html#3)
Segura has been in this post for some 10 years now. His answer was that the debt with these businesses, which is close to US$700 million, impedes meaningful dialogue.
According to Hoy, he went on to say something unusual: the state fears that these generators would pressure for payment before renegotiating and after receiving the money they would refuse to do it and turn off their generators.
Segura said yesterday that the state is trying to renegotiate the contracts.
He said that in the light of this situation, the state is trying to find a way to work out a deal with the generators, but so far they have only been able to do this with Palamara, La Vega.
Talks are under way with the managers of Itabo, Haina and Dominican Power Partners.
Segura said that some of the blame for this situation falls on the private sector, because the sector did not come up with the investment it had committed to, and he pointed out that the private sector has not honored its promise to invest in generators that would bring more energy into the grid.
He said that the state has been true to its word and has offered letters of credit, contracts to purchase the energy and other incentives.
More... (http://www.dr1.com/index.html#3)