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Santo Domingo.- US$1.0 billion is needed to rebuild the deteriorated  power grids, Dominican Republic’s State-owned Electric Utility (CDEEE) CEO Rubén Jiménez Bichara affirmed Monday.

He said despite the CDEEE’s spending millions in projects to repair grids, much of the funds will be allocated to the subsidy, which he affirms exceeds Haiti’s entire energy budget.

He acknowledged the many overdue investments in the distribution companies (Edes), but noted a slight improvement in income, customer acquisition and meters. "There are improvements that have been achieved thanks to the support of the Inter-American Development Bank, the World Bank and other international entities, but lots of money is still needed."

Jiménez, interviewed on Despertador Color Vision, said 10 years ago in 2004 the grid required US$500 million and "to this day with more deterioration, without investment and with that delay to revamp the entire country requires from 800 to one billion dollars for the grids across the country."

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6 comment(s)
Written by: josean This user is banned, 1 Jul 2014 10:05 AM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

.......don't worry we are going to send our electricity over the USELESS METRO!

Written by: Johny, 1 Jul 2014 10:43 AM
From: United States, European Union, Dominican Republic -

Let's sell all captured drugs on Wall street - that should get enough money :)
Written by: foresthill, 1 Jul 2014 10:55 AM
From: Dominican Republic, santo domingo
These corrupt officials really beleive their bullshit story about rebuilding the network.

they are so far in the hole 550 million US dollars.

they need 1 billion US dollars just to pay off their debt and cover the next six months of accumulated debt.

Are you Domincans that stupid that you beleive and or even accept this bull hsit from your narcotic driven government.
Written by: Radar, 1 Jul 2014 2:52 PM
From: United States, Aspen Hill, Maryland.

Yes, a Billion dollars. 500 million to be shared among the corrupts, and the other for Band-Aid repairs, here and there.
In another ten years, they'll need another billion. and nothing ever gets fully repaired or up to standards.
What we need most is less corruption and better abled administrators who can deal with the electricity dearth, once and for all.
Fire the whole bunch and sell the utility to foreign investors. This way, no more stealing and much better service.
Written by: josean This user is banned, 1 Jul 2014 3:04 PM
From: United States, Guillermo President 2016 Because Our Future Depends On It!

"sell the utility to foreign investors"

That's what got is this mess to begin with........the NARCO Lie-onel ENRON deal!

Written by: HaitiTheCaseStudy, 2 Jul 2014 9:21 AM
From: United States
Privatization of "State-owned" Electric Power Companies is beneficial only and only if it is done in the people's interests. There is a brief yet clearly explained privatization model for any State-owned power company in the book "Roadmap to Haiti's Next Revolution" page 170-200. Check it out for free maybe on Google books. The french version is on Amazon under the title "Dichotomie et Privatisation Sectorielle of l'EDH". This privatization model does not need money support from World Bank, (debt trap), saves jobs, shares risks, and alleviates the subsidy burden off of the government, whichever country that may be. The investors need not be foreign if this model is followed.
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