NewsWhore
12-04-2006, 04:40 PM
Due to a lack of financing, the start-up of construction on the coal-fired electricity generators in Azua and Manzanillo is still on hold. Neither the Chinese nor any of the other Asian investors have come up with the money so far, according to Listin Diario. There is a US$30 million letter of credit still pending. Neither Sichuan Machinery nor Emirates Power have put up their guarantees as yet. CDEEE executive Radhames Segura is trying to locate local financing for the project, which is the government's answer to the local power crisis. According to Diario Libre, talks are in process with the Seaboard Corporation and the Vicini Group.
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