The government, represented by Finance Minister Rafael Calderon, has conditioned any further payments to Cogentrix, the generation facility in San Pedro de Macoris, to the renegotiation of the current contract. According to non-official sources, the Listin Diario reports that the debt owed amounts to US$18 million. Meanwhile, the president of the Senate commission on energy, Angel Perez Perez, told the Listin Diario that next week the Senate committee would meet with CDEEE chief, Cesar Sanchez, in order to study the state-held contract with Cogentrix. At that time, they would try to present some modifications, if necessary. Finance Minister Calderon told the press that the government paid Cogentrix US$41 million two months ago, and that the deal included an immediate revision of the contract terms, along with a study to determine if the facility’s operations were viable from an economic and financial point of view. The report that the Commission on the Sustainability of the Electric Sector received was practically identical to that which had been sent to the CDEEE, repeating that there were points to be discussed and that no matter what, the government had to pay Cogentrix US$3.7 million every month, whether it was producing or not. <\/p>\n","protected":false},"excerpt":{"rendered":"
The government, represented by Finance Minister Rafael Calderon, has conditioned any further payments to Cogentrix, the generation facility in San Pedro de Macoris, to the renegotiation of the current contract. According to non-official sources, the Listin Diario reports that the debt owed amounts to US$18 million. Meanwhile, the president of the Senate commission on energy, … <\/p>\n