The president of the Commission for Reform of Public Enterprise (CREP), Antonio Isa Conde, told the 1998 Energy Conference of Latin America and the Caribbean (Enerlac ’98) that CREP will work to ensure that the upcoming privatization of the state-owned Dominican Electric Corporation (CDE) will not change tariffs for final consumers over the next four years. Enerlac ’98 is co-sponsored by the 26-nation Latin American Energy Organization (OLADE) and the Technical Secretariat of the Dominican Presidency, and is being held this week at the auditorium of the Central Bank. Isa Conde, whose CREP is overseeing the privatization of CDE and other state firms, told an Enerlac seminar yesterday that in the Dominican Republic the privatization of CDE will not raise rates for final consumers; he opined that it is more likely to stabilize prices while significantly improving service quality and reliability.
