1998News

No electric rate rise because of privatization, says CREP President

The president of the Commission for Reform of Public Enterprise (CREP), Antonio Isa Conde, told the 1998 Energy Conference of Latin America and the Caribbean (Enerlac ’98) that CREP will work to ensure that the upcoming privatization of the state-owned Dominican Electric Corporation (CDE) will not change tariffs for final consumers over the next four …
1998News

Government cannot rescind contracts with electricity generators

The Technical Secretary of the Presidency, Temístocles Montás told reporters at Enerlac ’98 that the government cannot rescind the "onerous" contracts signed by the previous government with foreign generators Smith-Enron and Dominican Power. The Fernández government has complained that the contracts, signed during the administration of President Joaquín Balaguer, are unbalanced and oblige the government …