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Santo Domingo.-  The State-owned Electric Utility (CDEEE) paid the power companies US$514.87 million last week as part of the debt accumulated from January to August, easing concern of the national grid’s collapse

The funds came from the US$500.0 million bond approved by Congress for that purpose, and the rest borrowed from the State-owned bank BanReservas.

In a statement, CDEEE CEO Ruben Bichara said the Central Banke and the Finance Ministry collaborated with the transaction.

“Financial” blackouts Thursday and Friday spurred fear of the national grid’s collapse if Dominican Republic’s biggest plant, AES Andres, wer to come off line.

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COMMENTS
4 comment(s)
Written by: DONT_BE_SILENT, 10 Sep 2012 8:06 AM
From: Dominican Republic, NEVER FORGOTTEN, NEVER FORSAKEN!
The energy crisis issue in the D.R. is like a black hole, sucking up much needed funds without yielding a solution.
Written by: josean, 10 Sep 2012 9:48 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


!!12 years of PURPLE do Nothing Governance coming home to Roost!!!



Written by: hellborn25, 10 Sep 2012 10:31 AM
From: United States, I dont even live inside a house , I haunt one!
what happen to the so called underground cable power projects that was suppose to crossover from colombia and puerto rico all the way to dominican republic?
Written by: veganosoy, 24 Sep 2012 6:16 AM
From: United States
hellborn25
I think the cable you are referring too was installed but it was stolen 10 minutes after crew put it in them it was sold as scrap metal and is now on its way to China?
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