Recommendations that won't be listened to for helping fix the electricity problems

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windeguy

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Santo Domingo.- The Inter-American Development Bank (IDB) has recommended setting up a trust to ensure funds to pay power plant operators and prevent a repeat cash flow problems affecting invoice payments, fuel purchases and the financial blackouts of the past.
It said a separate account needs to be created and protected by law whose funds are to be used only for that purpose.
The trust would manage the funds from the Treasury, including those earmarked in the Electricity Fee Sability Fund (FETE).
The recommendations are included in the ?Analysis of the electricity sector?s current situation? recently hosted by the organization, quoted by eldia.com.do.
The document, which has yet to be published, suggests a reassessment of the energy distributors? financial recovery goals for 2012-2015, adjustment of the short-term electricity rates, reduce the level of subsidized consumption to no more than 150 kilowatts per month and match the rate above that consumption.
It adds that the National Energy Commission must lead the sector?s recovery process, to halt the State-owned Electric Utility?s (CDEEE) current role of judge and jury.
Source: Dominican Today
 
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windeguy

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Santo Domingo.- The prominent organization Justice and Transparency Foundation (FJT) on Wednesday slammed the Government?s failure to investigate and establish responsibility for the repeated scandals and corruption allegations in various government agencies in the previous Administration, especially the Electricity Utility which it called ?bankrupt.?
FJT president Trajano Potentini asked President Danilo Medina to revise and cancel the ?festival? of sales, concessions and government contracts for goods and services, signed in the three months of transition, in most cases disregarding accounting procedures and Law 340-06 on purchases and contractions.
He cited the bankruptcy and economic collapse of the State-owned Electric Utility(CDEEE), ballooned costs of several works by the State Works Supervising Office (Oisoe ) and contracts assigned without a call for tenders from the canals and dams agency (INDRHI), among the cases he affirms lacked transparency.
He also cited the lawsuit by the government agency Fonper against the power companies Ege Ege Haina and Itabo for allegedly embezzling several billion pesos from the government and the Public Works Ministry?s allocation of more than 90% of all mega-construction to two Brazilian companies, in violation of the law.
Electric Utility
As to the Electricity Utility, the FJT called the more than US$1.0 billion debt left by former director Celso Marranzini ?alarming,? in addition to the self-payment of benefits to its employees and the signing of multimillion contracts without a call for tenders.

Source: Dominican Today
 
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arrugala

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Like the corruption is going to stop after 25 or more years in a row . In 1988 when I first stepped on thes shores they had plans to get their electricity in order . RIGHT !! There is more chance then the us will pay back their debt . and everyone can be sure they are going to inflate the hell out of this WORLD to do that !!!! Both corrupt as the DEVIL!!! LOL GOD BLESS US ALL !
 
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Expat13

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Jun 7, 2008
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windeguy said:
Santo Domingo.- The prominent organization Justice and Transparency Foundation (FJT) on Wednesday slammed the Government’s failure to investigate and establish responsibility for the repeated scandals and corruption allegations in various government agencies in the previous Administration, especially the Electricity Utility which it called “bankrupt.”
FJT president Trajano Potentini asked President Danilo Medina to revise and cancel the “festival” of sales, concessions and government contracts for goods and services, signed in the three months of transition, in most cases disregarding accounting procedures and Law 340-06 on purchases and contractions.
He cited the bankruptcy and economic collapse of the State-owned Electric Utility(CDEEE), ballooned costs of several works by the State Works Supervising Office (Oisoe ) and contracts assigned without a call for tenders from the canals and dams agency (INDRHI), among the cases he affirms lacked transparency.
He also cited the lawsuit by the government agency Fonper against the power companies Ege Ege Haina and Itabo for allegedly embezzling several billion pesos from the government and the Public Works Ministry’s allocation of more than 90% of all mega-construction to two Brazilian companies, in violation of the law.
Electric Utility
As to the Electricity Utility, the FJT called the more than US$1.0 billion debt left by former director Celso Marranzini “alarming,” in addition to the self-payment of benefits to its employees and the signing of multimillion contracts without a call for tenders.
Click to expand...

Who is the new Director of Electricity?
 
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Ringo

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windeguy said:
Santo Domingo.- The prominent organization Justice and Transparency Foundation (FJT) on Wednesday slammed the Government’s failure to investigate and establish responsibility for the repeated scandals and corruption allegations in various government agencies in the previous Administration, especially the Electricity Utility which it called “bankrupt.”
FJT president Trajano Potentini asked President Danilo Medina to revise and cancel the “festival” of sales, concessions and government contracts for goods and services, signed in the three months of transition, in most cases disregarding accounting procedures and Law 340-06 on purchases and contractions.
He cited the bankruptcy and economic collapse of the State-owned Electric Utility(CDEEE), ballooned costs of several works by the State Works Supervising Office (Oisoe ) and contracts assigned without a call for tenders from the canals and dams agency (INDRHI), among the cases he affirms lacked transparency.
He also cited the lawsuit by the government agency Fonper against the power companies Ege Ege Haina and Itabo for allegedly embezzling several billion pesos from the government and the Public Works Ministry’s allocation of more than 90% of all mega-construction to two Brazilian companies, in violation of the law.
Electric Utility
As to the Electricity Utility, the FJT called the more than US$1.0 billion debt left by former director Celso Marranzini “alarming,” in addition to the self-payment of benefits to its employees and the signing of multimillion contracts without a call for tenders.

Source: Dominican Today
Click to expand...

The things we don't know. lol
New batteries on Weds. and it looks like 4 more solar panels are in my near future.
 
W

windeguy

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Jul 10, 2004
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Expat13 said:
Who is the new Director of Electricity?
Click to expand...

Vice Presidente Ejecutivo
Lic. Rub?n Jim?nez Bichara
Supervisor General de Seguridad
Gral. Geraldo de Los Santos Mora
Director de An?lisis Econ?mico y Financiero
Lic. Jos? Luis Actis
Director Jur?dico
Dra. Milagros Santos Ram?rez
Director Auditor?a Interna
Lic. Danilo Santos Santana
Director de Tecnolog?a e Informaci?n
Ing. Arturo ?lvarez
Secretaria General
Sra. Isolina M. Iglesias
Directora General Unidad de Electrificaci?n Rural y Sub-Urbana (UERS)
Lic. Thelma Eusebio

<tbody>
</tbody>
Funcionarios Principales ? Corporaci?n Dominicana de Empresas Electricas Estatales CDEEE
 
W

windeguy

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Jul 10, 2004
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CDEEE will potentially be $US 1.5 Billion in debt by the end of this year

From the CDEEE web site:

The Dominican Corporation of State Electrical Companies (CDEEE) delivered this week to the 51 power generation companies 4,870,000 dollars as credit to accumulated debt during the period from January to August this year.Resources to make the payment came from the placement of bonds authorized by Congress for this purpose, and a loan of one hundred million dollars of the Reserve Bank.The Executive Vice CDEEE, Bichara Ruben Jimenez, said the operation was possible thanks to the collaboration of the Central Bank governor Hector Valdez Albizu and the Minister of Finance, Simon Lizardo Amezquita. For this solved someproblems, gave up 2% of the value added part that had to bonds and returned to the idea of ​​the pool of banks to place. There are still outstanding bond issue by $ 91 million.However, the vice president of the CDEEE recalled that the company's financial complications are far from solved, and in the coming months must pay a minimum amount outstanding of $ 617.3 million to be provided by the government to keep open the power supply to distributors.If the Corporation pretend to close the year with no debt with generators and suppliers, must be paid by December 31 an additional $ 1130.10 million.The CDEEE has operated throughout the year with a monthly deficit of between 120 to 130 million dollars, which at the end of the year can pass on the 1,500 million dollars.This means that efforts have been made to reduce the subsidy to be provided by the government to the company, so far they have achieved their goal.In the General Budget of the Nation for this year was originally allocated a total of $ 350 million to cover the subsidy CDEEE.However, every month the system closed with a deficit only in the months of June ($ 170 million) and July (180.59) totaled more than $ 350 million.BreakdownThe group AES Dominicana CDEEE paid him U.S. $ 111.2 million; Ege Haina to 198.23 million dollars, to CESPM, 23.85 million; San Felipe to 20.79 million dollars, 6.16 million to Metaldom; Palamara 20.59 million, 38.44 million to TCC; PPRC 26.90 million to Barrick Gold and 18.07 million dollars.For LAESA the amount is 47.40 million, of which 32.84 million to be offset against debt for fuel supply.
 
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