Santo Domingo.- State Electric Utility (CDEEE) CEO Ruben Bichara yesterday said the Government has long sought to review the contracts with the power companies, for which there’s a need to talk.
He said the solution to the system’s problems requires not only actions regarding contracts, but the contribution by all those in the entire sector, noting that the generation issue "has the greatest weight."
Bichara said the CDEEE’s debt of more than US$1.0 billion, cannot be blamed on one person.
The CDEEE owes the power companies US$500 million, US$116 million of frozen debt, US$17 million to the refinery Refidomsa, US$ 260 million to the Reservas Bank and US$70 million to suppliers.
Bichara said among the government's measures to tackle the electricity sector crisis figure the National Electrical pact, which will begin to be discussed soon and "should culminate in a solution, and those who sign the pact have to abide by it to the end,".
For National Energy Commission (CNE) president Enrique Ramirez, the Government’s proposed pact "will deal with contracts, fees, investment and distribution policies.” He said it will define what is government or private property.