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Santo Domingo.- Economy minister Temístocles Montas today said Celso Marranzini’s appointment as head of the State-owned Electrical Companies (CDEEE) may spur private sector investment in the energy industry, and would be an important step to solve the problem of blackouts.

“It’s not going to be easy to return to the previous structure, but the State needs an important participation of the private sector in the electrical sector, because the State cannot by itself assume the magnitude of the investments which need to be made to solve the problem,” he said.

Montas, interviewed on the television program Depertador, said an institutional process allowed the country to have electrical energy today and stressed that there’s a need to consider that the country’s economic performance will be intimately associated with how well its institutions are doing. “If there’s no credibility in the policies and the institutions, nobody will feel motivated to invest.”

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COMMENTS
18 comment(s)
Written by: josean, 19 Aug 2009 12:44 PM
From: United States
Let the new phase of Rip Offs begin!
Written by: glomarexplorer, 19 Aug 2009 1:00 PM
From: United States, Fresh Water Paradise-NY Finger Lakes
Private sector should prove the correct manner to procede. DR certainly lacks resources to fill gap.

Written by: baldoria23, 19 Aug 2009 1:20 PM
From: United States, Washington, D.C.
who is fficial? :-)
Written by: BASTA, 19 Aug 2009 1:37 PM
From: Dominican Republic, =Ghetto/Legalize Drugs
Christ Miss Ferndezie has had how many years dealing with this? It only gets worse. I understand that he/she is not only the one to blame. It is the whole stinking PLD/PRD. We need the Military to take charge and anyone earning more than 35,000 RD ia month is to be exiled to Haiti.
Written by: generoso, 19 Aug 2009 1:46 PM
From: United States, Quisqueya La Bella
Celso has to tear up all the previous contracts with the generators, including the mega-corrupt Madrid agreement under Hipoloco's government, and start brand new, but that is not as easy as it sounds, because those folks have high bucks and they can sue back. Celso is backed by Themo Montas who is no saint either, and a proponent of privatization. First time they privatized they stole all the public assets, or had a fire sale to discredited parties such as Spain's Union Fenosa, who did the deal of the century ripping of the DR public.
I believe if given green light and with patience, Celso will do a good job and straighten this mess once and for all. He will have an adverse and agitating, pro-PRD media that will attack him constantly, in every move he makes. Of course the PRD is hoping to be in the driver's seat in 2012, and just salivates with the opportunities for "grease" in the privatization of the CDEEE, or parts of it, so they want that cake to eat themselves.
Written by: UnderCover, 19 Aug 2009 2:27 PM
From: United States
Promises, promises ideas & more ideas....hell with that I'm going to keep investing in the candle business.
Written by: josean, 19 Aug 2009 5:25 PM
From: United States
That sound you hear is not a hurricane its more dollars being sucked up by the Chicharron Express aka METRO!

Read on:


http://www.listin.com.do/app/article.aspx?id=111989
Written by: Juango, 19 Aug 2009 6:03 PM
From: United States, far S. Florida (formerly Santo Domingo)
Chicharron Express....I'm still pissing myself laughing. Well said.!! Metro will cost the all the Dominican people millions per year. Only a few people, I would guess < 1% of the population, will benefit.

I do hope Marranzini will play hard ball with all the "interested parties" that make millions in the caotic state of what is known as "the DR electrical service". Yes, contracts must be renegotiated. He will have a tough road ahead, as he will have to go against the grain of some of very powerful charcters. Who was behind (pushed it through) the Cogentrix/CDEEE contract, which forced the Government to pay ~$4Million USD/month, regardless if it operated (produced) or not??? btw, its diesel fired, just like the New Metro Power Plant.

I wish Marranzini well... Good Luck
Written by: Ricardolito, 19 Aug 2009 7:22 PM
From: Dominican Republic, Boca de Chavon
It seems it is impossible for any good thing to occur in this country , and I certainly regard the appointment of Marrazani as a good thing, without such remarks being posted here such as 'let the new phase of rip offs begin '
Everything I have read and heard suggests that this man is a breath of good fresh air in the power industry and I , for one, have no reason to suspect that he will not do his honest best .
Written by: anthonyC, 19 Aug 2009 11:54 PM
From: United States
There are only 3 steps the DR needs to do to fix their energy problems

1: PRIVATIZE!!!!

2: PRIVATIZE!!!!

3: PRIVATIZE!!!!
Written by: pelaut, 20 Aug 2009 8:16 AM
From: United States
Sell it all off to the Germans and let them enforce collections their way.
French, maybe. Even Swedes.
JUST NOT SPANISH!
Written by: josean, 20 Aug 2009 10:35 AM
From: United States
"There are only 3 steps the DR needs to do to fix their energy problems"

1: PRIVATIZE!!!! = ENRON

2: PRIVATIZE!!!! = ENRON

3: PRIVATIZE!!!! = ENRON
Written by: Ricardolito, 20 Aug 2009 1:40 PM
From: Dominican Republic, Boca de Chavon
Now you realise the intelligence of the above writer who has chosen to pick one company from millions to equate privatization
Written by: josean, 20 Aug 2009 2:44 PM
From: United States
Ricardolito,

Good debaters never go personal, but I guess I mistook you for a good debater rather than the clapping PLD seal you seem to have become or always were.
Written by: Trujillo, 20 Aug 2009 5:48 PM
From: Dominican Republic
The government has to completely get out of the electricity business and let businessmen do their job. The government has to enforce the law and put in jail all those thieves stealing electricity and in the government. Our president is a lawyer, not a businessman.
Written by: anthonyC, 20 Aug 2009 6:12 PM
From: United States
Josie,

Enron huh? Wow!!!!! You dig up one case of criminal activity out of 100's of energy companies and you indict an entire industry. So typical of you and your ilk

BTW How many people are without power because of Enron?
Written by: josean, 20 Aug 2009 6:23 PM
From: United States
Aren' t you late for ole ALPHA 66 reunion meeting?
Written by: hellborn25, 22 Aug 2009 3:18 PM
From: United States
the goverment has proven time after time that they cannot provide electricity to the people . privatised is the only way to go . you cannot have a country with economy growth . if you cannot provided a simple nessesaty like lights in your house. dominican repubic needs to get out of the caveman mentality and step foot in the 21th first century. there are just to many corrupted govemnent officials in dr and they just contunue to screw the people with the electrical issue . privatised now asap
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