AES keeps to their position

[NewsWhore]

In a paid advertisement published in the press today, AES Dominicana on behalf of the AES Andres natural gas plant, stands by what it deems their right to only sell 50MW to EdeEste and not the claimed 300MW, and says that "EdeEste has no right whatsoever to claim the supposed 300MW." EdeEste demands the supply of this power at the contracted rate of US$0.06 cents. AES Andres has preferred to sell this power to other purchasers outside of the national electricity grid. AES Andres maintains that the contracted 50MW "was validly fixed at 50MW by the parts." Moreover, AES Dominicana says that it is not true that the EdeEste pays their bills to AES Andres on time.

AES Dominicana also disputes the use of the arbitration facility (the Santo Domingo Chamber of Commerce's Alternative Dispute Resolution Center) to deal with the disputes. It affirms that there is no arbitration clause in the contract that attributes the disputes conciliation to the Chamber of Commerce entity.

Yesterday, Presidency Minister Cesar Pina Toribio met separately with Celso Marranzini, executive vice president of CDEEE (EdeEste) (CDEEE) and Marcos de la Rosa, president of AES Dominicana (AES Andres), as reported in Diario Libre. Pina Toribio expressed optimism on prospects for a friendly agreement achieved between both.

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