NewsWhore
07-17-2007, 05:30 PM
President Leonel Fernandez attended the groundbreaking ceremony for the construction of the Las Placetas Hydroelectric project in San Juan de la Maguana yesterday. He was accompanied by Brazilian ambassador Ronaldo Dunlop and Angela Gutierrez of the Brazilian building company Construtora Andrade Gutierrez.
The hydroelectric plant will be constructed with an initial cost of US$286.2 million and will have installed capacity of 91.2MW. The construction is funded by BNDES, the Brazilian government export financing agency. BNDES will finance US$71.2 million in Brazilian goods and services for the construction that will be carried out by Construtora Andrade Gutierrez. The original plan starts in Rio Bao, with the construction of a storage dam. The dammed water will be led by gravity through a tunnel to Rio Jagua.
The plant will help reduce the DR's dependence on imported fuel and help the country fulfill its responsibilities to the Kyoto protocol. The government says that the operation will relieve the country of having to purchase 638,000 barrels of oil, currently equivalent to US$41 million per year. The contract for the construction was signed in 2005.
The Fernandez administration has contracted several loans for infrastructure works with the Brazilian government, including the UHE Palomino Project (Construtora Norberto Odebrecht) for US$81.3 million and besides the Palomino and Las Placetas operations, BNDES depends on financing for exports of Brazilian goods and services destined to infrastructure projects in the Dominican Republic to the tune of US$310 million. Among those projects UHE Pinalito stand out, with financings to Brazilian exports of US$101.5 million, the Northwest Aqueduct, phase 1 and phase 2, in the amount of US$194 million, and the Santo Domingo road signposting project, with US$13.8 million. Brazilian financing was also recently contracted for the construction of an aqueduct in Samana also with Odebrecht. No tenders were held for any of these projects.
www.bndes.gov.br/english/news/not044_06.asp (http://www.bndes.gov.br/english/news/not044_06.asp)
More... (http://www.dr1.com/index.html#1)
The hydroelectric plant will be constructed with an initial cost of US$286.2 million and will have installed capacity of 91.2MW. The construction is funded by BNDES, the Brazilian government export financing agency. BNDES will finance US$71.2 million in Brazilian goods and services for the construction that will be carried out by Construtora Andrade Gutierrez. The original plan starts in Rio Bao, with the construction of a storage dam. The dammed water will be led by gravity through a tunnel to Rio Jagua.
The plant will help reduce the DR's dependence on imported fuel and help the country fulfill its responsibilities to the Kyoto protocol. The government says that the operation will relieve the country of having to purchase 638,000 barrels of oil, currently equivalent to US$41 million per year. The contract for the construction was signed in 2005.
The Fernandez administration has contracted several loans for infrastructure works with the Brazilian government, including the UHE Palomino Project (Construtora Norberto Odebrecht) for US$81.3 million and besides the Palomino and Las Placetas operations, BNDES depends on financing for exports of Brazilian goods and services destined to infrastructure projects in the Dominican Republic to the tune of US$310 million. Among those projects UHE Pinalito stand out, with financings to Brazilian exports of US$101.5 million, the Northwest Aqueduct, phase 1 and phase 2, in the amount of US$194 million, and the Santo Domingo road signposting project, with US$13.8 million. Brazilian financing was also recently contracted for the construction of an aqueduct in Samana also with Odebrecht. No tenders were held for any of these projects.
www.bndes.gov.br/english/news/not044_06.asp (http://www.bndes.gov.br/english/news/not044_06.asp)
More... (http://www.dr1.com/index.html#1)