1998News

A tender to purchase fuel

Radhamés Segura, the new administrator of the Corporación Dominicana de Electricidad (CDE) announced that the state electric utility will be holding a tender to select its seller of fuel. Segura is a former administrator of the Refineria Dominicana de Petroleo (Refidomsa), from which the government purchases fuel using Esso, Shell and Texaco as intermediaries. Segura said that by buying direct, the CDE would save a significant amount of money. He said the CDE has to pay private generators more than RD$300 million a month. He said that the CDE barely collects RD$382 million a month from consumers. Furthermore, Segura said that they are working on a standard contract that would be used for all private power suppliers and that they would revise the contracts that are in effect.