NewsWhore
02-19-2007, 04:30 PM
One hundred million dollars that are part of a World Bank loan for the energy sector have not been issued due to the fact that the Dominican government has not fulfilled some of the requirements. This was the statement made by Cristina Malmberg Calvo, the World Bank representative in the Dominican Republic. Among those requirements, according to Hoy newspaper, is an increase in collections on energy supplied to customers. The Bank feels that the recovery process has been too slow. Another issue is the formation of independent companies to handle electric transmission and the 22 hydro-electric dams. Malmberg said that the need to change the General Electricity Law was not the reason for the holdup, but she did say that a strong law was needed to regulate the sector.
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More... (http://www.dr1.com/index.html#4)