NewsWhore
06-08-2007, 04:10 PM
Members of the opposition PRD party have presented a report indicating that the proposed loans for the Pepillo Salcedo coal plants will be too onerous for the country to handle. The party says that it is opposed to the US$30 million loan for the coal plants. According to this report, the Independent Private Producers contract is not in the country's best interests. The report also claims that this contract will result in an additional cost of US$270 million and that the State-Run Electricity Companies (CDEEE) will have to take on 65% of the operational costs. The report also says that the country could end up owing more than US$800 million as a result of this contract. It includes a clause for payment for the service, regardless whether power is generated or not. This clause was included in the notoriously burdensome Smith-Enron and Cogentrix plants.
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More... (http://www.dr1.com/index.html#8)