Santo Domingo.- Ruben Jimenez, CEO of Dominican Republic’s State-owned Electric Utility (CDEEE) on Monday affirmed that the Government takes steps to pay the more than US$700 million owed the power companies.
He said he asked the power companies for understanding, since has Congress delayed approval of the supplementary budget. The power companies have threatened to shut the plants if the Government fails to pay the 4-month debt of US$776.8 million.
"We’ve been paying the bill to the power companies in a very high percentage month after month and with the delay in approval of the supplementary budget we have gone 40 or 45 days beyond the usual pace that we had been doing over the course of this year," Jimenez said.
He said as soon as the budget is approved, "we will be paying more than what we have paid them, between 1.5 and 1.6 billion dollars to the power companies this year, that’s a lot of money,"
The official revealed that this year’s electricity consumption jumped around 20%, "as a result of the heat."