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SANTO DOMINGO.- Electricity superintendent Francisco Méndez said yesterday the electrical sector’s crisis is such a political and economic burden that in the last three years has cost the Dominican taxpayers US$2.0 billion in subsidies. He said that’s the reason the Government continues to seek a definitive solution to its financial difficulties.
As to the Electrical Billing Stabilization Fund, the official said it’ll reach some US$60 million (RD$1.8 billion) by year-end. "The Government should be more than interested in solving the problems, since it represents a political and economic burden for it."
Mendez spoke in the Santo Domingo hotel during a gathering with the heads of the Association of Foreign Investment Companies (ASIEX), whose directors said they’re concerned with the slowness in the search for solutions to the electrical sector’s crisis.
ASIEX president Alfonso Paniagua cited the problems of high bills, prolonged blackouts and the financial deficit which affects the national budget, though the entity’s members recognize the importance of the 24 hour programs which the distributors Edenorte, Edesur and EdeEste develop.
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If the very same plants ie SPM were placed in the US, the plant would be selling at 50% the rate, and making a 25% profit.
When the electricity of the plant is stolen, when the contracts are pilferred, etc...it does not take a genius to resolve these issues.
Just eliminate theft and usurous contracts which simply benefitted some corrupt politicians.
Just take a look at the latest Chinses plant contract.
RD gvt. is making the power sector into a political tool for their own purpose, to show power strength where there isn't any.
This shows poor planning in part of previous and present gvts.
and the people are to suffer. Where is the pp for METRO?