Minister of Energy and Mines Antonio Isa Conde told reporters from the nation’s newspapers yesterday that even without being completed, the new generating facility of coal-fired generators at Punta Catalina is making a favorable impact in the energy market. The construction has motivated competing generators to offer better prices for the sale of energy.
Minister Antonio Isa Conde said that with the expiration of the Madrid Accord, the new public tenders for energy have brought better prices for the power distributors. Saying that, he urged for the prompt completion of the huge project. He said once in service, the fuel matrix for electricity generation will offer even more competitive prices in the contracts signed with the electricity distributors.
He noted that the generation complex is being built with the latest technology to reduce the environmental impact of what is considered to be the world’s dirtiest fuel.
27 April 2017
