Uni?n Fenosa announced yesterday that it was willing to
\nhand over Ede-Norte and Ede-Sur to the government, but the government would have
\nto take on debts and obligations of US$550.8 million. Ede-Norte has outstanding
\nobligations of US$178.9 million and Ede-Sur has US$371.9 million in obligations.
\nIf the deal were to go through, the administration of the distributors would
\nbecome the responsibility of the CDEEE. The proposal also includes the creation
\nof a completely separate entity to handle the commercialization of energy, and
\ntherefore to better the image of the power distributors. Uni?n Fenosa is an
\nequal partner of the Dominican government in the management of the various
\ndistributors. El Caribe views the new proposal as an alternative to intervention
\nby the IADB. The proposal also includes a three-year option to purchase the
\nshares held by the Uni?n Fenosa.<\/p>\n","protected":false},"excerpt":{"rendered":"
Uni?n Fenosa announced yesterday that it was willing to hand over Ede-Norte and Ede-Sur to the government, but the government would have to take on debts and obligations of US$550.8 million. Ede-Norte has outstanding obligations of US$178.9 million and Ede-Sur has US$371.9 million in obligations. If the deal were to go through, the administration of … <\/p>\n