NewsWhore
08-10-2007, 06:30 PM
The PRD opposition party has served President Leonel Fernandez with papers expressing opposition to the signing of legislation that would grant government authorization for the issue of a US$30 million revolving letter of credit for the construction of two coal-fired power plants, as reported in Listin Diario. PRD president Ramon Alburquerque and party secretary Orlando Jorge Mera insist that the contracts "are the worst ever signed in the electricity sector of the country." The contracts were signed with Emirates Power and Sichuan, and the PRD claims that they contain violations of the tender terms of reference and overvalue the construction costs. Furthermore, they described the clause that would allow the companies to be paid for served energy even if the power plants were shut down, as an aberration. The PRD is saying that the contracts are in violation of the General Electricity Law.
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More... (http://www.dr1.com/index.html#9)