Santo Domingo.- The State-owned power utility (CDEEE) yesterday clarified that the short term, generation lease contract with the company Agrekko to supply energy to the distributor Edenorte, will last two years.

Utility CEO Celso Marranzini said though the contract has been discussed during two years the deal has yet to be sealed because the Electricity Superintendence (SIE) still hasn’t authorized it, among others procedural conditions required of both parts.

He said the negotiation is based on Dominican Executive Branch Decrees 358-10 and 143-11, which instruct the distributors under the CDEEE’s coordination, to generate as much as 15% of the peak demand for reasons of national emergency, to lease or buy generation units.