The Global Environment Fund has approved a fund for US$1.3 million to promote electricity-generated by biomass for industrial use in the Dominican Republic. The plan is to improve industrial competitiveness by reducing the cost of power for industries and at the same time reducing green house gas emissions.
The project “Stimulating Industrial Competitiveness through the Use of Biomass to Generate Electricity” will be developed by a public-private alliance over a period of four years, under the leadership of the National Energy Commission and the National Council of Export Free Zones. Also participating will be consultants from the United Nations Industrial Development Organization.