NewsWhore
09-03-2010, 05:00 PM
The Chamber of Deputies has passed an amendment to the loan contract for the Palomino Hydroelectric Dam, increasing the loan from US$50 million to US$130 million. PRD deputy Hugo Tolentino Dipp said that the increase raises some doubts, as reported in Diario Libre. PRD block spokesman Nelson Arroyo criticized what he called "a race to indebtedness by the government that has mortgaged the future of our children and grandchildren."
The project is estimated to cost US$400 million and is about 80% completed with resources from loans negotiated with the Central American Bank of Economic Integration (BCIE).
The Palomino Hydroelectric Station is located in the in southwestern province of San Juan de la Maguana, where the Yaque del Sur River meets the Blanco River. The project has been assigned to Brazilian construction company Odebrecht. Its promoters say it will supply 80 megawatts to the national electrical grid.
More... (http://www.dr1.com/index.html#2)
The project is estimated to cost US$400 million and is about 80% completed with resources from loans negotiated with the Central American Bank of Economic Integration (BCIE).
The Palomino Hydroelectric Station is located in the in southwestern province of San Juan de la Maguana, where the Yaque del Sur River meets the Blanco River. The project has been assigned to Brazilian construction company Odebrecht. Its promoters say it will supply 80 megawatts to the national electrical grid.
More... (http://www.dr1.com/index.html#2)