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View Full Version : Ege-Haina to install 500 megawatts



NewsWhore
12-13-2011, 02:50 PM
As of 2013, the national electricity system will have an additional 500 megawatts, of which 250 will be going to the Barrick Gold mine in Pueblo Viejo, Cotui. The other 250 megawatts will become part of the National Interconnected Electricity System (SENI). The 250 megawatts will reach the Barrick Gold mining company over an electricity highway that will be built in 14 months, and which will stretch from San Pedro de Macoris to the province of Sanchez Ramirez. The announcement will be made during a press conference today by the president of the Ege-Haina company, Edgar Pichardo. The company will also be providing more details of the scale of the investment and the type of power plant that will be built as well as its plans for expansion in the local market. EGE-Haina is one of the two generating companies formed during the process of capitalizing of the old Dominican Electricity Corporation (CDE). The company's shareholders are made up of 50% by the Haina Investment Company Ltd (HIC), a consortium of international investors, and the remaining 50% belongs to the CDE and individual investors.

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