Central articles in today?s economic press report on the
Inter American Development Bank (IADB) and its request that the Superintendent
of Power clarify allegations contained in the letter sent on 8 August. The
Superintendent had requested that the IADB, as guarantor of the loans made to
the Uni?n Fenosa, intervene in Ede-Norte and Ede-Sur because the distributors
had not fulfilled their obligations. In search of specifics, the IADB letter to
Superintendent George Reinoso requests clarification on exactly which parts of
the contract were not being fulfilled by the distributors, in order to justify
an IADB intervention.
A second letter, sent to CDEEE general manager C?sar S?nchez, requested further
details on the contract referred to in his letter of 8 August. The IADB also
asks that S?nchez be more specific as to the failures of the distributors and
which measures the IADB needs to approve before their implementation by the
CDEEE.
In their letter the IADB says they ?do not feel that the failures of Ede-Sur and
Ede-Norte that you are notifying us about in your letter, with regard to their
respective failures to guarantee quality and continuity of service, constitute a
monetary failure to fulfill requirements, and the IADB would count on a 90-day
period to rectify such faults.?
According to the economic section of HOY, this exchange of letters is merely
holding up the process initiated by the government with respect to the
distributors. According to Mario M?ndez, the economic editor of Hoy, the letters
also show that the IADB would treat each of the distributors as separate
entities.