Santo Domingo.- The CEO of Dominican Republic’s State-owned electric utility (CDEEE) on Wednesday announced that the government will start forging energy pacts with each of the power companies on Monday, in which both parties will invest in changes to the generation base.
Ruben Jimenez Bichara said the projects include a push to convert petroleum-fired plants to natural gas and coal, with a public-private investment of US$3.6 billion, to install 1,500 new megawatts.
Of that, the state would contribute US$2.0 billion to build two coal-fired plants of 300 MW each, with combined cycle facilities would reach 640MW.
The official, who spoke during the American Chamber of Commerce’s (AMCHAMDR) monthly luncheon with the topic "Power sector: towards a comprehensive plan. Together is difficult, separate is impossible," said the promotion of a comprehensive plan requires the support from all sectors aimed at finding a permanent solution to the country’s electrical problem.