NewsWhore
05-17-2011, 03:50 PM
A new investment of more than RD$1.7 billion for the refurbishing of power lines all over the country was formalized on Monday with the signing of a contract - after an international tender - between the Public Electricity Company (CDEEE) and the Korea Electric Power Corporation (Kepco). These funds, provided by the Inter-American Development Bank (IDB), will be added to other disbursements from the World Bank that will total more than RD$4.6 billion (and a total investment of over six billion pesos) which will be used to restructure the power line networks in the areas of the three electricity distributors. Speaking to the press after the signing, CDEEE vice-president Celso Marranzini said that these investments would put an end to the enormous deterioration of the power lines throughout the country, as reported in El Nuevo Diario.
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