The government will have to pay US$112.1 million or RD$4.6 billion more to power generators as a result of the 6.3% depreciation of the peso.
As reported in El Caribe, power distributors paid power generators US$1.88 billion, including the additional US$112.1 million caused by the depreciation of the currency. The information comes from a study presented by the CDEEE during a panel discussion hosted by the Dominican College of Engineers, Architects and Surveyors (Codia), “Current Situation and Comprehensive Plan of the Electricity Sector” presented by the director of Distribution and Reduction of Losses at the Public Electricity Corporation (CDEEE), Radhames del Carmen.
Del Carmen reported that from January to November 2013 the electricity sector showed a deficit of US$877.8 million, a 2% reduction compared to the previous year’s deficit.
www.elcaribe.com.do/2014/01/14/devaluacion-subio-pago-generadores-1121-millones