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CDEEE pays $127 million to electricity generators
posted on: Jun 7 2010 9:9 by Royston. Viewed 135 times.
The Dominican Corporation of State Electrical Companies (CDEEE) paid the energy generating companies US$127 million, reported Celso Marranzini the executive vice president of CDEEE.
This payment to the generators corresponds to the 60 day debt, less US$20 million, which would be paid off during the week begins on Monday, June 7, said Marranzini.
CDEEE Vice president said that to fulfill this commitment, the organization had received US$55 million in payments from the electricity distribution companies, EDEESTE, EDENORTE and EDESUR. In addition the government had paid a US$32 million subsidy to the electricity sector, while the remaining US$40 million was taken as loans in the banking system.
Marranzini said that the historical debt frozen since 2004 is still pending at US$145 million.
Moreover, Manrrazini said that all the requirements of the International Monetary Fund (IMF) regarding the Stand-by agreement signed in November 2009 have been fulfilled to the letter.
24 related news articles
CDEEE buys windfarm power: Jul 4 2010
New contact center for electricity complaints: Jun 26 2010
CDEEE takes action after electrocution of mother and child: Jun 17 2010
Alleged embezzlement case at Edenorte: May 23 2010
RD$23 million paid back to electricity consumers in April: May 12 2010
RD$4 million per month electricity fraud uncovered: Apr 21 2010
Mystery investors propose 500MegaWatt gas generator in Montecristi: Apr 15 2010
Electricity price rise in June to relieve US$1,1000 million subsidy.: Mar 31 2010
CDEEE to target electricity theft: Mar 30 2010
Government requests waivers from IMF: Mar 29 2010
Local banks bail out the electricity companies with US$70million: Mar 24 2010
Las Americas Airport suffers blackout: Mar 22 2010
Lights will go out in the Town Halls if they don’t pay up. : Mar 19 2010
Government says it will settle electricity debt by March 26: Mar 19 2010
CDEEE signs contract to buy cheaper energy: Mar 17 2010
CDEEE promises 24 hour power is back: Mar 10 2010
No electricity price hikes says Marranzini: Feb 26 2010
Blackout at the National Palace, events disrupted: Feb 17 2010
CDEEE apologize for recent electricity blackouts: Feb 16 2010
Water levels dropping as drought continues: Feb 16 2010
Venezuela drops out of deal to buy Refidomsa: Jan 22 2010
No Blackouts?: Dec 17 2009
Venezuela buys 49% stake in Dominican Republic’s refinery for US$131.5M: Nov 1 2009
Dominican Republic receives US$20 million loan from Petrocaribe – starts to pay off debts: Sep 27 2009
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