2014News

ADIE says it needs US$1.5 billion

Otto Gonzalez and Milton Morrison of the Dominican Association of Electricity Industries (ADIE) told reporters from Listin Diario that the sector needs at least US$1.5 billion over the next four or five years in order to provide better energy service to the population. Gonzalez said that the industry needs an investment of between US$600 and US$800 million in distribution and another US$600 million in transmission. He said that with adequate investments in distribution they can reduce losses in the system but the main thing will be to work on planning with an up-to-date management structure. This requires clear information and equipment. He said that recent statements by Juan Vicini in a seminar sponsored by the American Chamber of Commerce referred to the need to know the quantity of energy that is consumed in the country as well as in Haiti, where, according to Gonzalez, the DR could sell its excess energy.