Central articles in today?s economic press report on the
\nInter American Development Bank (IADB) and its request that the Superintendent
\nof Power clarify allegations contained in the letter sent on 8 August. The
\nSuperintendent had requested that the IADB, as guarantor of the loans made to
\nthe Uni?n Fenosa, intervene in Ede-Norte and Ede-Sur because the distributors
\nhad not fulfilled their obligations. In search of specifics, the IADB letter to
\nSuperintendent George Reinoso requests clarification on exactly which parts of
\nthe contract were not being fulfilled by the distributors, in order to justify
\nan IADB intervention.
\nA second letter, sent to CDEEE general manager C?sar S?nchez, requested further
\ndetails on the contract referred to in his letter of 8 August. The IADB also
\nasks that S?nchez be more specific as to the failures of the distributors and
\nwhich measures the IADB needs to approve before their implementation by the
\nCDEEE.
\nIn their letter the IADB says they ?do not feel that the failures of Ede-Sur and
\nEde-Norte that you are notifying us about in your letter, with regard to their
\nrespective failures to guarantee quality and continuity of service, constitute a
\nmonetary failure to fulfill requirements, and the IADB would count on a 90-day
\nperiod to rectify such faults.?
\nAccording to the economic section of HOY, this exchange of letters is merely
\nholding up the process initiated by the government with respect to the
\ndistributors. According to Mario M?ndez, the economic editor of Hoy, the letters
\nalso show that the IADB would treat each of the distributors as separate
\nentities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Central articles in today?s economic press report on the Inter American Development Bank (IADB) and its request that the Superintendent of Power clarify allegations contained in the letter sent on 8 August. The Superintendent had requested that the IADB, as guarantor of the loans made to the Uni?n Fenosa, intervene in Ede-Norte and Ede-Sur because … <\/p>\n