The Generación Eléctrica Itabo is the new private company that will manage the Itabo power plant park. Consorcio Coastal-Genel won the tender to manage this park (a 50-50% joint venture with the government’s CDE). The park has capacity to supply 360 megawatts to the electricity grid. Coastal-Genel bid US$177.7 million for the power plants park on 13 May. Haina, the second large park will be also passed on to the private sector in two weeks, according to a news report in El Siglo. Seaboard Corporation bid US$145.5 million for a similar joint venture regarding the Haina power plants park.
