Santo Domingo.- The energy sector will meet next week to discuss all parts of the electricity agreement announced by the Government, and to be informed about the review of contracts with power companies.

Dominican State-owned Electric Utility (CDEEE) CEO Ruben Bichara said each sector has a proposal to discuss at the meeting.

"To that meeting must obviously come to us efficiency requirements, that is, reduced spending, reduced operating costs, synergy, that doesn’t duplicate the burden on the resources. Demands will come from both sides," Bichara said in a visit to El Dia Editor in chief, Rafael Molina Morillo.

"In the electric pact the generators must be integrated definitely, they are those who’ve been looking for the integral solution, in the framework of institutions, which are nine, but the solution has already overflowed this framework," the official said.

In total, the CDEEE has saved US$252.0 million for such renegotiation.

Bichara said the power companies are aware that the electrical system has reached a stage where everyone has to contribute something.

He said "ideally,” it’s the power companies which should contribute with renegotiated contracts, “in its entirety, but at least the fuel over-indexation should be corrected."