2018News

The future of energy to arrive with floating power plant

Transcontinental Capital (Bermuda), an affiliate of Seaboard Corporation, has awarded a contract for the SCC-800 2x1C SeaFloat barge-mounted floating power plant in the Dominican Republic jointly to Siemens and the marine arm of ST Engineering in Singapore. Siemens is supplying the combined cycle power plant with capacity to generate 145MW and ST Engineering is providing …
2018News

Chamber of Deputies authorizes loan to pay Christmas wage

The Chamber of Deputies authorized the governmental Banco de Reservas to issue loans for up to RD$1.2 billion to decentralized government entities and non-financial autonomous government entities to pay the 13th Christmas wage to their employees. The authorization covers social security system institutions and city governments. The money had been budgeted by these organizations, but …