Government moves on Electricity Pact
In 2012, National Development Strategy Law 1-12 ordered that in no less than a year, the private and public sectors must reach a National Electricity Pact that would resolve the structural crisis of the electricity sector and put in place the regulatory and institutional framework to attract needed investment to meet the energy demands for national growth and development. More than four years later, the Medina administration has failed to enact this provision in Law 1-12.
Medina government can only point to the construction of the Punta Catalina coal-fired energy facility by a consortium of firms led by the Brazilian company Odebrecht as evidence of investing in the improvement of the electricity service.
On Wednesday, 22 February 2017, the Minister of Economy, Isidoro Santana said talks concerning the Electricity Pact would resume under the Economic and Social Council (CES). He is optimistic an agreement will be reached. Santana blamed the delays on disagreements between participants in the talks on a wide range of issues, such as rates, loss reduction and government participation in power generation and distribution.
http://www.diariolibre.com/economia/...rico-BA6354399
http://economia.gob.do/mepyd/wp-cont...desarrollo.pdf
In 2012, National Development Strategy Law 1-12 ordered that in no less than a year, the private and public sectors must reach a National Electricity Pact that would resolve the structural crisis of the electricity sector and put in place the regulatory and institutional framework to attract needed investment to meet the energy demands for national growth and development. More than four years later, the Medina administration has failed to enact this provision in Law 1-12.
Medina government can only point to the construction of the Punta Catalina coal-fired energy facility by a consortium of firms led by the Brazilian company Odebrecht as evidence of investing in the improvement of the electricity service.
On Wednesday, 22 February 2017, the Minister of Economy, Isidoro Santana said talks concerning the Electricity Pact would resume under the Economic and Social Council (CES). He is optimistic an agreement will be reached. Santana blamed the delays on disagreements between participants in the talks on a wide range of issues, such as rates, loss reduction and government participation in power generation and distribution.
http://www.diariolibre.com/economia/...rico-BA6354399
http://economia.gob.do/mepyd/wp-cont...desarrollo.pdf