NewsWhore
01-10-2012, 03:40 PM
InterEnergy Holdings, the owner of the Consorcio Energetico Punta Cana-Macao (CEPM) - the Punta Cana-Macao Energy Consortium n has announced a joint venture with the BW Gas company to build of a new liquid natural gas terminal in southeastern San Pedro de Macoris. The investment is estimated at over US$350 million and the project is due for completion in 2014. This will be BW Gas's first investment in the Caribbean.
A BW Gas press release reports that Celso Marranzini, the executive vice-president of the Public Electricity Corporation (CDEEE), has said: "This announcement is one of the most important developments in the country's energy market in the last decade."
Marranzini would also have highlighted that "the project confirms the significant and sustained interest by large international groups like BW and InterEnergy to invest in the Dominican Republic and, more specifically, in its power sector."
BW Gas explains that the joint venture leverages on BW's unparalleled knowledge of the gas transportation and storage business, and InterEnergy's unique power sector experience and extensive footprint in the Dominican Republic. The combination of the two partners has proven to be critical to secure long term gas contracts from multiple suppliers and lock in the most competitive gas rates in the market.
More... (http://www.dr1.com/index.html#1)
A BW Gas press release reports that Celso Marranzini, the executive vice-president of the Public Electricity Corporation (CDEEE), has said: "This announcement is one of the most important developments in the country's energy market in the last decade."
Marranzini would also have highlighted that "the project confirms the significant and sustained interest by large international groups like BW and InterEnergy to invest in the Dominican Republic and, more specifically, in its power sector."
BW Gas explains that the joint venture leverages on BW's unparalleled knowledge of the gas transportation and storage business, and InterEnergy's unique power sector experience and extensive footprint in the Dominican Republic. The combination of the two partners has proven to be critical to secure long term gas contracts from multiple suppliers and lock in the most competitive gas rates in the market.
More... (http://www.dr1.com/index.html#1)