DR1 Daily News - Dominican Republic

President Luis Abinader and Vice President Raquel Peña and Energy Minister Antonio Almonte were present for the symbolic start of operations of three natural gas-powered generation units and a chilling tower in southeastern San Pedro de Macoris. The 1,000 MW Cespm-Energas Power Park revolved around converting the 300 MW San Pedro de Macorís Electricity Company (CESPM), the former Cogentrix power plant, from diesel to natural gas. A pipeline from Andrés, Boca Chica was built to supply the power plant.

Speaking at the event Rolando Gonzalez Bunster, chairman of the board of directors, reminisced on the years of negotiations since 2006. He said the talks for converting the power plant began in 2006 when Goldman Sachs expressed interest in divesting itself of all power plants not located in the United States. The UK government also agreed to sell their participation in Cogentrix...