NewsWhore
05-04-2007, 08:00 PM
Listin Diario writes that of the US$400 million designated by the government to cover the deficit in the energy sector, the State-Run Electricity Companies (CDEEE) will get the bulk of funding. The CDEEE will receive US$209.1 million, equivalent to 52.2% of the total. According to a report by the CDEEE, the energy sector is currently experiencing a major crisis, though it does point out that the subsidy for the energy sector in 2007 is 27% less than it was in 2006 when the sector received US$350 million. In January the CDEEE had a deficit of US$30.66 million, in February the deficit was US$24.38 million, in March the deficit was US$28.17 million and in April the deficit equaled US$21.4 million. Whether the CDEEE even has a role to play is questionable, since most of its functions passed on to the power distributors with privatization in 1998. Despite this, the number of CDEEE employees has increased.
More... (http://www.dr1.com/index.html#9)
More... (http://www.dr1.com/index.html#9)