The administrator of the state-owned Dominican Electricity Corporation (CDE) announced this week that the process of "capitalization" (Dominican officials insist that the term "privatization" is inappropriate) of CDE will restart in April. Radham?s Segura said that the bidding for the distribution units of CDE will commence on April 15th, while that for generation units of CDE will start on April 23rd. Originally bidding for both aspects of a reorganized CDE were to be held in December, but were put on hold by the government while aspects of CDE finances were cleaned up. On the television show "Uno + Uno" broadcast by Teleantillas, Segura admitted that CDE still has some RD$15 billion in debt to international financial institutions, local suppliers and private generators, and that it is still receiving some RD$700 million per month in operational subsidies from the government.
