Credits to the electricity sector added US$ 1,738.3 million

The diversity of sources of financing that has had the electricity sector in the past 14 years leaves explicitly demonstrated that this problem has been more pressure for the last four Governments that had Dominican Republic.

All imaginable of attracting resources formulas have been put to test for an end to the funding gap for years affects the sustainability of the companies of electricity.

In the midst of the darkness that even the clothes the solution to the energy problem, all light is let see sources to which the State has come to attract resources for transfer to the electricity sector.

Among the best known are the International Monetary Fund (IMF), world (WB) and inter-American Development (IDB) banks; OFID (Opec Fund for International Development), PetroCaribe, Eximbank of Brazil and Spain and United States financial entities. Among the executed projects, implementation and u000aprogrammed until 2013 there is $1,738.3 million which have gone to industry electric.

A simple lifting of the fate of finance information establishes that most of these resources have gone to hydroelectric projects, of transfer and payment of a proportion of the deficit in the sector, which in the past seven years more than the $5,000 million.

Out of the loans granted by the World Bank and IDB are financing of Brazilians to Pinalito (US$ 350 million), Palomino ($480 million), Las Placetas (US$ 75 million to date), OPEC (US$ 50 million), line 345 kV ($130 million), second ring of Santo Domingo to 138 Kv (US$ 15 million), mini Central hydroelectric (US$ 66 million) and mobile substations (US$ 5 million).

The IDB approved last month another US$ 200 million financing handle through the Ministry of finance, but that would go to the electric power industry. The Government u000ajust $53.4 million has been delivered to the CDEEE to cover its deficit, estimated at more than US$ 200 million this year.

Inability to minimally meet the targets of deficit in the sector has been uncovered in each of the revisions of the stand-by with the International Monetary Fund (IMF) agreement.

"The ceiling of the current account deficit of the electricity sector for March 2011 also breached in 0.2% of GDP, due to higher than expected global oil prices." It is expected that the ceiling of the current account deficit of the electricity sector by the end of June 2011, nor is observed, due to higher than expected oil prices. "Other fiscal targets by the end of June 2011 could be observed, although the information is not yet available", says the letter of intent submitted to the IMF in July this year. The authorities still hope to convince the directory of the Fund to approve the seventh and eighth revisions of the u000aagreement.

recurso:
Cuestionado on funding for the sector, the CDEEE, Celso Marranzini, Executive Vice President noted that during his tenure he has received US$ 252 million from the IDB, WB OPEC, but clarified that there are 40 MM which is matching that has been putting the entity with savings in operations officer revealed that year passed the State contributed $20 million for the rehabilitation of networks in the neighborhoods that were the reduction programme of blackouts (PRA).

On the last loan of US$ 200 million that would enter through the Ministry of finance, explained that part of these resources would go to support the programme Bonoluz. "I hope that some of the money going to investment". I desperately need money for counters. I do not have counters and do not have the resources to buy them. "It is a pity that we have a million connected without the power meter," said.

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