Marranzini unrealistic?

[NewsWhore]

Celso Marranzini has a Mount Everest of problems at the State-owned Electricity Companies (CDEEE), but the businessman-turned-energy sector reformer has taken on the challenge and has set 2011 as the year when the DR's energy debt will be paid off completely. The two-and-a-half-year goal may seem unrealistic, considering the problems in the sector and the failures thus far, but Marranzini says he is making headway. Quoted in Hoy, Marranzini said that the CDEEE has already saved US$10 million and other expenses after an initial "housekeeping" exercise. In his first weeks at the CDEEE Marranzini fired the workers and eliminated the expenses that brought no value to the institution and were considered a drain on resources. Marranzini also displayed enthusiasm and hope that a more consistent payment culture would develop in the DR. He said that August, September and October have seen record pay collections of RD$3.4 billion, RD$3.7 billion and RD$4 billion. Marranzini said that everyone has to start realizing that this is not an issue with an administration or a government, but rather the country's problems and that if no one pays then the problem doesn't get resolved.

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