The Santiago business community has made itself explicitly clear: Either they find their own solution to the energy crisis, or they will continue “crossing Niagara Falls on a bicycle”, as the saying goes. Apparently, the local business leaders have opted for Plan A. Alternatives could include the construction of a generating facility in the area or entering into the business of generation and distribution themselves and forgetting entirely about EdeNorte. A final option would be to become a partner in the EdeNorte operations, which members of the Development Association of Santiago and personnel from the Seaboard Corporation have shown interest for. Some of the free-zone companies, headed by free-zone sector president Carlos Sully Fondeur, are discussing generation, and, curiously, they include Seaboard in this. Felix Garcia, the head of the Santiago Development Association, told El Caribe yesterday that the business community is interested in generating electricity in Santiago. According to Armando Rodriguez, the manager for Seaboard, and Garcia, the recent announcement that the government would sell off 75% of its interest in the Edes presents an interesting opportunity for the business community. According to analysts, the cost for installation of a large generating facility is about US$1 million per megawatt.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Santiago business community has made itself explicitly clear: Either they find their own solution to the energy crisis, or they will continue “crossing Niagara Falls on a bicycle”, as the saying goes. Apparently, the local business leaders have opted for Plan A. Alternatives could include the construction of a generating facility in the area … <\/p>\n