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Santo Domingo.- Dominican Republic’s State-owned Electric Utility (CDEEE) has hired a law firm aimed at canceling the contract with the San Pedro power company (CESPM), formerly Cogentrix, in a decision through which the authorities seek to put an end to paying at least US$4.8 million (RD$208 million) to that company each month regardless if operational or not.

Quoting Government sources, outlet elnacional.com.do said during the 12 year-and-4 months contract period Cogentrix has been paid US$1.44 billion, mostly when its generators are offline since they are too expensive to operate.

Citing figures to the end of July, CESPM had billed US$32.9 million to the CDEEE for just only 16 gigawatts, an average of US$ 2.06 per kilowatt. Since its incorporation into the interconnected grid in March 2002, Cogentrix became a headache for the CDEEE, due to its high cost to produce energy and the contract’s onerous conditions that binds the Dominican State for 20 years.”

The contract was signed during ex president Leonel Fernandez’s first term in office by then CDEEE -CEO Temistocles Montás, and Council president Celso Marranzini, and then Radhames Segura, who replaced Montás in the CDEEE.

Privileged contract

The original contract with the firms Cogentrix Energy and Scotia Energy was structured when Montás headed the CDE and Celso Marranzini was president of its Board of Directors, and César Sánchez, former head of the Utility during Hipolito Mejia’s Administration, signed for the power companies.

The former Cogentrix has been often labeled as the “leech” in the country’s electric utility, pillaged by companies such as the Canadian Hydro-Quebec-Sofati and Spain’s Union Fenosa.

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COMMENTS
13 comment(s)
Written by: josean, 11 Aug 2014 4:44 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016



Nothing better than a NARCO Lie-onel MODEL Contract to BANKRUPT a Country!



.......and there are still RECTUMS seriously considering bring this Theif Back to Power in 2016!



Written by: PuntaCanaMike, 11 Aug 2014 8:33 PM
From: Dominican Republic
So basically we are admitting that on the world stage...we are not too smart...correct?
Written by: Perception, 11 Aug 2014 10:11 PM
From: United States
MON'DAY HU'MAN HU'MO(R)



WH'O is Like "I" ES V "EL" DE.?

WH'AT "MI" TRE EN "ES".!!!



"I" Walk Among "You".*



Peace and Love "BE" with "YOU".




***
Coat of Arms.
Written by: guillermone, 11 Aug 2014 10:39 PM
From: United States, Bring Back DT Forum

Written by: PuntaCanaMike, 11 Aug 2014 8:33 PM
From: Dominican Republic

So basically we are admitting that on the world stage...we are not too smart...correct?
-----------------------------------------------------------------------------------------------------------------
Or extremely corrupt...........
Someone got paid handsomely to approve and sign such an onerous contract.
Something similar if not worse happened with the gold mines. I forgot the name of the company but the gov't approved a contract where the DR got something like 5 cents out of every dollar of gold extracted and exported. We own the land and gold yet we only get a nickel for that. Well, I'll be a monkey's uncle
Written by: Perception, 11 Aug 2014 10:52 PM
From: United States
"L E (E) C H E (D)".


US$ 2.06 per kilowatt.

The contract was signed during ex president (Leonel Fernandez’s), (Temistocles Montás), (Celso Marranzini) and (Radhames Segura)

Start building a (FOUR) "A D (D) I T I O (N) (S)" at "N A (J) A Y O" prison.!!!


Lee'che'd: Eng'L'is'H for "SAN'GUI'JUELA".
LEE: (S)pan'is'H for "R E A D".
CHE: Abbreviation for the name of "MI".


Note: Social Justice.



P.S: SE HE.!!!




JACKSON.***

Written by: chillinout, 12 Aug 2014 7:13 AM
From: Dominican Republic
Just business as usual.
Written by: pelaut, 12 Aug 2014 8:29 AM
From: United States
Ooooh, those goodie-goodie Canadians . . .
Written by: dreadlocks, 12 Aug 2014 8:53 AM
From: United States
says guillermone

Or extremely corrupt...........
Someone got paid handsomely to approve and sign such an onerous contract.

i wonder who this someone might be....
Written by: josean, 12 Aug 2014 1:25 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


May be the following? A must read!


Google:


Leonel: El hombre


Leonel: The Man


acento.com.do/2014/opinion/8163904-leonel-el-hombre/



Written by: josean, 12 Aug 2014 2:39 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Speaking of other Leeches all is not well as josean has been saying inside the PLD MAFUA!

Google:


¡Cuidado, mucho cuidado! En nuestra conducta y nuestro comportamiento, como miembros militantes y dirigentes del PLD; y llamamos la atención, en ese sentido, porque ya han aparecido en las filas y en los organismos de la más alta dirección, como el Comité Político, traidores, indiscretos y mentirosos; lo afirmamos con la responsabilidad que ha caracterizado todos los actos de nuestra vida.

Careful, very careful! In our conduct and behavior, as militant members and leaders of the PLD; and we call attention, in this regard, because there have already appeared in the ranks and in the highest levels of leadership, like the Political Committee traitors, indiscreets and liars; we affirm this with responsibility that has characterized every act of our lives.

Written by: josean, 12 Aug 2014 2:53 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


The Purple Mafia is at each others throats!



Google:



Suspenden reunión CP del PLD; revelan pugna entre Euclides Gutiérrez y Monchy Fadul


The PLD's PC suspended session; reveals struggle between Euclides Gutiérrez and Monchy Fadul

Written by: RobertoJose, 13 Aug 2014 9:50 AM
From: United States, FREEPORT, Long Island......blues, stripe bass and now doormats
I can't understand why isn't leonel in jail with his butt-buddy bautista
Written by: chillinout, 13 Aug 2014 10:40 AM
From: Dominican Republic
The government was able to rewrite the contract with Barrick Gold so I why not with a non producing electric company.

Good news for when a corrupt or stupid officials sell out the citizens but bad if you are company living up to the terms of a contract.

Without clear contract law you have nothing.
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