NewsWhore
06-02-2011, 04:10 PM
In a speech at the American Chamber of Commerce yesterday, Celso Marranzini, the executive vice president of the Public Electricity Corporation (CDEEE) said that there is a new investment climate that is positive for the energy industry after initial recovery efforts that began when he took office in August 2009. "Major investors are about to sign contracts for the installation of a 400-megawatt plant that will be operational in 14 months," he said, as reported in Hoy. Another 108MW natural gas plant will be operational in another 14 months. He identified the builder as Seaboard.
"Confidence (in the business climate) is such that the Barrick mining company, which had purchased two plants for its operations, has decided to keep them in the electricity grid, when months previously this would have been unthinkable," he said.
He said the people are already feeling the improvement in service. He said the plans were to increase the 24-hour circuits so that by the end of December half of all households in the DR have permanent power service.
Marranzini spoke of progress in the fight against electricity fraud. He said that in the past two years more than 7,000 people have been prosecuted for electricity theft. He said that from January-April of this year, power distribution companies recovered more than RD$250 million from fraud cases and that hundreds more are under investigation. He said they have recovered RD$600 million in electricity fraud cases from 2010 to date.
Marranzini also mentioned plans for a RD$6 billion investment in a first phase to improve and rehabilitate the transmission lines.
More... (http://www.dr1.com/index.html#2)
"Confidence (in the business climate) is such that the Barrick mining company, which had purchased two plants for its operations, has decided to keep them in the electricity grid, when months previously this would have been unthinkable," he said.
He said the people are already feeling the improvement in service. He said the plans were to increase the 24-hour circuits so that by the end of December half of all households in the DR have permanent power service.
Marranzini spoke of progress in the fight against electricity fraud. He said that in the past two years more than 7,000 people have been prosecuted for electricity theft. He said that from January-April of this year, power distribution companies recovered more than RD$250 million from fraud cases and that hundreds more are under investigation. He said they have recovered RD$600 million in electricity fraud cases from 2010 to date.
Marranzini also mentioned plans for a RD$6 billion investment in a first phase to improve and rehabilitate the transmission lines.
More... (http://www.dr1.com/index.html#2)