NewsWhore
04-15-2011, 02:10 PM
The executive vice president of the Dominican Public Electricity Corporation (CDEEE), Celso Marranzini says that Dominican authorities have managed to convince the International Monetary Fund to increase the authorized government electricity subsidy to US$600 million up from US$350 million as budgeted for 2011. Rising oil prices have led to the upward revision.
Marranzini said that while in the 2008 petrol crisis the price of a barrel of oil hovered around US$74, the cost is now US$102.
He also announced increased investment in improving transmission lines with approved loans for US$142 million from the Inter-American Development Bank and the World Bank.
He said that while fewer than 400,000 customers were receiving 24-hour power supplies in 2009, he expects to serve one million with a blackout-free service by the end of this year.
He also said that electricity fraud prosecution would continue. 60 cases were tried in 2010, but he expects 3,000 cases to be processed by the Electricity System Prosecution Department (PGASE) this year.
Marranzini also announced a new initiative, the www.circuitos.gob.do (http://www.circuitos.gob.do) website to keep consumers posted on blackout scheduling. The website also features information about the percentage of consumers who do not pay for the service in localities nationwide.
More... (http://www.dr1.com/index.html#2)
Marranzini said that while in the 2008 petrol crisis the price of a barrel of oil hovered around US$74, the cost is now US$102.
He also announced increased investment in improving transmission lines with approved loans for US$142 million from the Inter-American Development Bank and the World Bank.
He said that while fewer than 400,000 customers were receiving 24-hour power supplies in 2009, he expects to serve one million with a blackout-free service by the end of this year.
He also said that electricity fraud prosecution would continue. 60 cases were tried in 2010, but he expects 3,000 cases to be processed by the Electricity System Prosecution Department (PGASE) this year.
Marranzini also announced a new initiative, the www.circuitos.gob.do (http://www.circuitos.gob.do) website to keep consumers posted on blackout scheduling. The website also features information about the percentage of consumers who do not pay for the service in localities nationwide.
More... (http://www.dr1.com/index.html#2)