NewsWhore
05-16-2011, 02:40 PM
According to a ranking by the Department of Taxes (DGII), the most profitable Dominican companies are Codetel, Orange, Banco Popular, Banco de Reservas, AES, Brugal, Refineria Dominicana de Petroleo, Banco BHD, Leon Jimenes and Grupo Ramos (La Sirena-Pola). The ranking is featured in an article published in El Dia on the high profitability of AES operations in the DR. The company reportedly had profits of RD$3.5 billion in 2010. As reported in El Dia, expressed in dollars the power generation company reaped US$96.7 million, of which it repatriated US$38.2 million to its interest payment matrix.
AES faces a legal dispute with the Public Electricity Corporation that demands fulfillment of the contract establishing it must sell 300 megawatts of power to the national grid at US$0.06. The company is only selling 50MW, and is placing the rest on the spot market where prices go for US$0.23.
More... (http://www.dr1.com/index.html#13)
AES faces a legal dispute with the Public Electricity Corporation that demands fulfillment of the contract establishing it must sell 300 megawatts of power to the national grid at US$0.06. The company is only selling 50MW, and is placing the rest on the spot market where prices go for US$0.23.
More... (http://www.dr1.com/index.html#13)