InterEnergy and BW Gas will invest US$ 350 MM

Dominican Republic will have its second terminal for liquid natural gas (LNG) before the end of 2014. It will be located in San Pedro de Macoris. The project involves an investment of $350 million.

The information gave it to know InterEnergy and BW Gas, principal shareholders of the project, in a report which highlights that the terminal will be part of a logistics solution comprehensive to bring natural gas to Dominican Republic with a view to supply the market growing local.

This will be the first investment of BW in the Caribbean, company that claims to believe strongly in the future of the Dominican energy market and the opportunity to partner with InterEnergy to bring a more economic and efficient solution fuels for electricity generators and other consumers of natural gas in this country.

Executive Vice President of the Dominican Corporation of companies electrical State (CDEEE), Celso Marranzini, stated that this u000aannouncement is one of the most important events in the local energy market in the last decade.

Marranzini also pointed out that this project confirms the significant and continuous interest of large international groups such as BW and InterEnergy in investing in the country and more specifically in its sector energy.

In the report, companies explained that this corporate combination has proved to be essential to ensure multiple suppliers long-term gas contracts and the most competitive prices in the market for the gas.

The main Executive of the BW group, Andreas Sohmen-Pao, expressed that BW is very excited about this partnership with InterEnergy Holdings and its leading companies in the energy sector to take a convincing solution to a market growing so important as Dominican Republic.

InterEnergy stresses that the Association also has a significant strategic value given the u000athe Group investments in segments of the generation and distribution of electricity in Dominican Republic, which include the Consortium energy Punta Cana-Macao (CEPM) which serves as the tourist regions of Punta Cana and Bavaro; the company electric company of San Pedro de Macorís (CESPM), with 300 megawatts of generation and the generation EGE Haina. company

List of clients to the new terminal, as well as the related companies of InterEnergy, including Martí Petroleum Group. Martí's Tropigás Division is a leading business of distribution of gas propane and natural gas, with more than 3,000 industrial, commercial and residential customers in gas propane and almost two-thirds of the local market for natural gas distribution.

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Commitment CON EL SECTOR ELÉCTRICO
investors
Rolando González-Bunster, President and principal executive of InterEnergy, expressed that this project reinforces commitment to long u000adeadline to bring reliable and electricity at reasonable costs to the Dominican market to continue deploying significant capital investments in the country, in this case associated with global leaders in this industry as BW.

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