NewsWhore
05-10-2007, 02:40 PM
Energy generators EGE-Itabo and Dominican Power Group (DPP) are asking the government to pay US$60 million in compensation, the titles for the land where the plants are located and the cancellation of lawsuits by the State Run Electric Companies (CDEEE) as requirements to begin renegotiating conditions granted under the Madrid Accord signed during the Mejia government. Itabo is asking for US$15 million, payment of 100% of debts, a government guarantee for the payment of bills on time, payment of liquidation bills, cancellation of pending lawsuits and the transfer of property titles. DPP is asking for US$45 million in payment, a government guarantee for the payment of bills on time and tax exemption.
CDEEE head Radhames Segura said during a press conference that the companies also want tax exemption status from the National Congress. Palamara-La Vega, owned by Union Fenosa, said they would give up some of their rights in the Madrid Accord contracts if the CDEEE conceded recognition of transport charges and fuel charges, as well as maintenance costs.
More... (http://www.dr1.com/index.html#5)
CDEEE head Radhames Segura said during a press conference that the companies also want tax exemption status from the National Congress. Palamara-La Vega, owned by Union Fenosa, said they would give up some of their rights in the Madrid Accord contracts if the CDEEE conceded recognition of transport charges and fuel charges, as well as maintenance costs.
More... (http://www.dr1.com/index.html#5)