NewsWhore
01-16-2007, 04:20 PM
The State Run Electric Companies' (CDEEE) vice president Radhames Segura has announced advances in renegotiations of power rates authorized by the Madrid Accord with private power companies. Private power companies have accepted 4 cent per kWh reductions in the cost of power for resale to the distributors. Segura said in Hoy newspaper that the CDEEE was on the losing side of the agreement signed during the Mejia administration. Segura explained that the CDEEE would adjust the price of 245KW of energy they currently have contracted with the energy distributors. This will result in a significant reduction in the price of 145KW of energy that have already been negotiated outside of the Madrid Accord.
Segura announced talks continue with power companies for better costs. Segura said that Cogentrix contract would not be renegotiated because of the deal with Basic Energy that would convert the plant to natural gas to cut losses. Likewise, Diario Libre reports that negotiations with Smith Enron are delayed because of a dispute over a US$48 million debt claimed by the company. The government only accepts US$31 million of the debt.
More... (http://www.dr1.com/index.html#4)
Segura announced talks continue with power companies for better costs. Segura said that Cogentrix contract would not be renegotiated because of the deal with Basic Energy that would convert the plant to natural gas to cut losses. Likewise, Diario Libre reports that negotiations with Smith Enron are delayed because of a dispute over a US$48 million debt claimed by the company. The government only accepts US$31 million of the debt.
More... (http://www.dr1.com/index.html#4)