NewsWhore
01-31-2007, 04:40 PM
The former administration of the CDEEE (the Dominican Corporation of State-owned Electricity Enterprises) awarded the Puerto Plata Electric Company (CEPP) a twelve-year contract for 50 megawatts of power, under the Madrid Accord, as payment for the final two years of a former contract. According to a report by the Renegotiating Commission carried in today's Diario Libre, the idea was that the state would be released from the former contract and the new contract was to be carried by EdeNorte, administered at the time by Spanish company Union Fenosa. All this took place in 2002. Under the former contract, the CDEEE was obliged to purchase electricity from the CEPP at US$0.129 (12.9c US) kw/h, but when the Madrid Accord was signed, the price dropped to US$0.119 (11.0c US). The Renegotiating Commission now wants to lower the price per kilowatt/hour to 8.9c US.
More... (http://www.dr1.com/index.html#3)
More... (http://www.dr1.com/index.html#3)