NewsWhore
07-12-2011, 01:50 PM
The Public Electricity Corporation (CDEEE) has achieved cost reductions of around US$3 billion since August 2009, according to vice president Celso Marranzini. He said that if they had not taken measures when he took the reins of corporation, the electricity sector as well as the country would be unviable today.
Marranzini, who announced a friendly agreement with AES Dominicana that will allow the delivery of an additional 100 megawatts of energy for five years, said that as a result of negotiations the CDEEE managed savings of nearly US$200 million with companies in the electricity sector. Next week, 20 of the 100 megawatts will enter the system, while the San Lorenzo generating plant will be ready in December 2011 or January 2012.
Marranzini stated that they have lowered costs by US$40 million yearly with the Hydro-electric unit, US$24 million with Ege-Haina, US$80 million with AES. With CESPM it will be US$56 million, and another agreement is expected with Seaboard.
The CDEEE and AES signed a contract under which AES will supply an additional 100 megawatts to the 50 megawatts previously supplied, which will go to the distributors for five years, and which represent savings of US$440 million, and allow for the conversion of the CESPM to natural gas, lowering its generating costs by US$56.5 million.
AES committed to finishing the installation work of the gas turbines at San Lorenzo, which will provide 34 megawatts, and expressed an interest in closing the combined cycle of the Los Mina V and VI units that support an additional 100 megawatts, for which they will try and obtain approval from the head office.
Marranzini, Marco de la Rosa, Nelson Espinal Baez, Flavio Dario Espinal and Jose Luis de Ramon signed the agreement and CESPM representative Roberto Herrera was also present. Through this agreement more than 50% of the nations energy will be based on natural gas.
The agreement includes negotiation of a contract of sale of natural gas by which AES Andres will natural gas through a pipeline that will be built by Soluciones de Gas Natural to CESPM, once the conversion process to gas is finished. Marranzini said that this sends a clear signal that there is a Rule of Law in the country that respects and enforces agreements, creating the conditions for new investments to become reality in the electricity sector.
More... (http://www.dr1.com/index.html#4)
Marranzini, who announced a friendly agreement with AES Dominicana that will allow the delivery of an additional 100 megawatts of energy for five years, said that as a result of negotiations the CDEEE managed savings of nearly US$200 million with companies in the electricity sector. Next week, 20 of the 100 megawatts will enter the system, while the San Lorenzo generating plant will be ready in December 2011 or January 2012.
Marranzini stated that they have lowered costs by US$40 million yearly with the Hydro-electric unit, US$24 million with Ege-Haina, US$80 million with AES. With CESPM it will be US$56 million, and another agreement is expected with Seaboard.
The CDEEE and AES signed a contract under which AES will supply an additional 100 megawatts to the 50 megawatts previously supplied, which will go to the distributors for five years, and which represent savings of US$440 million, and allow for the conversion of the CESPM to natural gas, lowering its generating costs by US$56.5 million.
AES committed to finishing the installation work of the gas turbines at San Lorenzo, which will provide 34 megawatts, and expressed an interest in closing the combined cycle of the Los Mina V and VI units that support an additional 100 megawatts, for which they will try and obtain approval from the head office.
Marranzini, Marco de la Rosa, Nelson Espinal Baez, Flavio Dario Espinal and Jose Luis de Ramon signed the agreement and CESPM representative Roberto Herrera was also present. Through this agreement more than 50% of the nations energy will be based on natural gas.
The agreement includes negotiation of a contract of sale of natural gas by which AES Andres will natural gas through a pipeline that will be built by Soluciones de Gas Natural to CESPM, once the conversion process to gas is finished. Marranzini said that this sends a clear signal that there is a Rule of Law in the country that respects and enforces agreements, creating the conditions for new investments to become reality in the electricity sector.
More... (http://www.dr1.com/index.html#4)