2003News

DR joins regional system

The Dominican Republic has been accepted into the Central American Integration System (SICA in Spanish) as an “extra-regional member.” The heads of state of Belize, Guatemala, El Salvador, Honduras, Costa Rica and Panama praised President Hipolito Mejia for introducing the Dominican Republic into the group. The Belize Declaration promises to push forward the integration of …
2003News

Union Fenosa was paid

Hoy newspaper acknowledged their mistake in publishing that the government had not met the US$15-million initial payment for the reacquisition of power distribution companies EdeSur and Edenorte, as agreed in October with Union Fenosa of Spain. The newspaper’s economic editor, Mario Mendez, citing sources from the CDEEE, explained that he did not confirm the tip …
2003News

Government has a buyer for plants

The government-intervened Listin Diario reports that Union Fenosa is negotiating the sale of its Palamara (120mw) and La Vega (87.5mw) power plants with a buyer. Union Fenosa claims an investment of US$120 million in the plants, according to the Listin Diario. Reportedly, the power distributors owe Fenosa US$101 million for power supplied.