The Abinader administration expects to have major savings with the shut down of the Dominican Public Electricity Corporation (CDEEE). The CDEEE was founded in 1955 as the everything in the electricity sector. The government entity ceased to legally exist on 24 May 2021. Around 1,000 employees are undergoing a progressive liquidation.
The dismissal of employees is expected to be completed this week, marking the all-powerful electricity corporation’s cease of operations.
“There was a consensus that the CDEEE should be eliminated and the time came when we had to get rid of all the remaining personnel,” Andrés Astacio, executive vice-president of the Unified Council of Electricity Distribution Companies (EDES), told El Día.
The liquidation of the CDEEE saves the state the 4 billion pesos per year, resources that are enough to build a 100 megawatt power plant every four years. Astacio called the CDEEE “a bottomless barrel.”
During the PLD governments, the CDEEE was in charge of all policies, actions and executions carried out by the many state electric companies. The CDEEE should have disappeared in 2013 when the Ministry of Energy and Mines was created.
The closing of the CDEEE entails several stages, including ceasing to be the intermediary between distributors and generators, the operational disconnection of Punta Catalina and the liquidation of employees. All that remains is the reassignment of its assets and liabilities and the modification of the Energy Law.
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El Dia
25 May 2021