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Santo Domingo.-  The CEO of the State-owned Power Companies (CDEEE) on Thursday said the shakeup in the electricity distributing companies was one seven condition of the World Bank and the Inter-American Development Bank which finance the energy industry’s development.

Celso Marranzini said a US$300 million disbursement from the multilateral credit organizations last year was made possible, thanks to the fact that the World Bank’s conditions were met.

He said that four appeared for this year, among them the substitution of the EDES managers with professionals with proven performance and experience in the handling of stressed electrical companies, which will lead to a new US$200 million payment.

Marranzini said the new managers of Edesur, Edenorte and Edeeste, Marcelo Rogelio Silva Iribarne, Eduardo Saavedra Pizarro and Francisco Leiva Landabur, the latter of Chilean nationality, will assume their posts next week.

The official said in a statement that the new managers have wide experience in handling electricity distributing companies, having obtained improvements in productivity, increase in the indices of service quality and the expansion of the business base.

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COMMENTS
12 comment(s)
Written by: BASTA, 9 Sep 2010 2:50 PM
From: Dominican Republic, =Ghetto/Legalize Drugs
Now that sound like a plus
Written by: Belly, 9 Sep 2010 2:50 PM
From: United States, Seattle, W.A.
Where ever the "shakeup" came from keep it coming and don't stop with EDES.
Written by: RobertoJose, 9 Sep 2010 3:05 PM
From: United States, FREEPORT, Long Island.... (Look, beyond the words)
aWwww.......did the bad man from across the pond make you sad and hurt your widdle feewings........You wanna know what makes me sad .......YOU MAKE ME SAD , YOU SHLEP ! ! ! !............Haven't you had enough already, you got paid for doing N O T H I N G. Be happy you don't have to payback some(50%) of that income you got.
Written by: JimHarrington This user is banned, 9 Sep 2010 3:10 PM
From: United States
Leonel finaly has to start cleaning up his nepotistic and corrupt offices if they want to ever borrow money again.
What is happening is a good thing unfortunately it is very little and much to late in coming.
Written by: gmiller261, 9 Sep 2010 5:00 PM
From: United States

There is a God.

And hopefully they clean up

1) Lack of transparency in government
2) United Nations Development Program report on Corruption
Written by: juanb, 9 Sep 2010 6:33 PM
From: Dominican Republic

You can be sure that if it was up to LF, that bum rsegura would still be in charge.
Written by: guest809, 10 Sep 2010 12:33 AM
From: United States
Well I'll be. I never thought they would get rid of the clutz that headed up Edesur. Now maybe some of the new boys will look up at the power poles and see what a hell of a mess Edesur has made. The companies should provide the electric hook up directly to each house and to the meter. From the meter on it is the home or business owners responsiblity. Then they also would know where in the electricity is going. And demand payment for each hook up. The way it is right now; who could figure out where the wires go and branch off, we have a home behind us and Edesur recently installed a lovely new meter, but the people had to provide for patched up wiring to the pole a block away. by the time the wire got half way down the block it was sagging so low that the neighborhood children could have reached up and grabbed a hold of the sagging wire. Now who would have been at fault for such neglegence. (EDESUR) They need infra structure for which the foriegn money paid for (infrastructure)
Written by: guest809, 10 Sep 2010 12:35 AM
From: United States
That was the big reason for this $300 Million is to establish an infra structure.
Written by: Atabey, 10 Sep 2010 1:32 AM
From: United States, NYC
Impositions from external agents with carrots, the World Bank and the Inter-American Development Bank, appear to have made a breakthrough. Let's hope they continue down this way and do the same with other under-performing sectors of the economy. But the crucial steps for the republic will be in developing the domestic fortitude and commitment to demand this level of professionalism and competency from our elected officials. Impositions with carrots from afar will only generate so much, the hard part will be to sustain and build upon them.
Written by: WalterPolo, 10 Sep 2010 9:48 AM
From: Dominican Republic, Puerto Plata
I hope it works this time.

I remember various attempts to have foreign concerns play a major role in restructuring the electrical sector, and they all gave up.

Even Union Penosa, but at least, thay took home a few billion. Hey, the Spaniards still have pull down here.

Nobody thought of rescinding the Madrid accords?
Written by: dreadlocks, 10 Sep 2010 10:37 AM
From: United States
i knew it. when i make these statements, blutarsky claims that i am making left wing conspiracy theory remarks. over to you, blu.
Written by: VeronicaDR, 11 Sep 2010 11:56 AM
From: United States
They keep spending all this money on infrastructure and we keep getting these expensive electricity bills that if we don't pay we get turned off in 2 days after it is due but they cannot give us 24 hours of power for even one day a week. We are without power for more hours in a day than we have power. This is a major roadblock to having any business in the country since there are far better options with countries like India and Mexico which have 24 hours of electricity.
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