NewsWhore
03-03-2010, 02:20 PM
Superintendent of Electricity Francisco Mendez estimates that even with rationing of service at the levels that are currently in use, the subsidy that was budgeted for the electricity system for 2010, US$350 million, will not be enough to cover the global deficit that the sector will have this year.
According to Mendez, the sector will require an additional US$250 million, bringing the total money needed to cover the electricity bill to a whopping US$600 million or RD$22 billion pesos. He did say that the 2009 deficit needed US$700 million to cover it. Mendez answered reporters' questions on the prolonged blackouts in many barrios, and he said that the government has to ration power supplies even though they have enough to supply the demand, because if they don't ration energy, the electricity bill from the generators would be so high that the government could not pay for it.
More... (http://www.dr1.com/index.html#7)
According to Mendez, the sector will require an additional US$250 million, bringing the total money needed to cover the electricity bill to a whopping US$600 million or RD$22 billion pesos. He did say that the 2009 deficit needed US$700 million to cover it. Mendez answered reporters' questions on the prolonged blackouts in many barrios, and he said that the government has to ration power supplies even though they have enough to supply the demand, because if they don't ration energy, the electricity bill from the generators would be so high that the government could not pay for it.
More... (http://www.dr1.com/index.html#7)