1998News

Obstacles to electricity privatization

Hoy newspaper reports that contradictions within the Commission of Reform of Public Enterprise (CREP), debts of more than RD$1,500 million of the CDE, accounts receivable amounting to RD$3,700 million and the privileges awarded to the independent generators of electricity are major obstacles to the privatization of the state electricity utility, the Corporación Dominicana de Electricidad. Meanwhile the government has chosen to install 1,400 megawatts mostly in turbogas units of less than 60 megawatts, seeking a short term solution to the deficit in production.