2011News

CDEEE improving, more work needed

The Public Electricity Corporation (CDEEE) published a report saying there have been advances this year, but there is much more work cut ahead. Celso Marranzini, executive vice president, into his 15th month on the job, says that 2011 is the turning point year, while appealing for the cooperation of all.

The CDEEE reports that in 2010, 521,492 new paying customers were added. The power distribution companies collected RD$5.15 billion more in 2010 than in 2009. In a report published on Monday, the CDEEE reports that paying customers increased from 1.3 million in November 2009 to 1.9 million in November 2010, up 38%.

Likewise, collections were up from RD$37.23 billion to RD$42,38 billion, 14% more.

Power supplied increased 10%, from 9,309.5 gigawatts/hour in 2009 to 10, 202.6 gigawatts/hour in 2010. Availability of the service on average improved from 18.7 hours to 20.2 hours.

The CDEEE says that this is just the beginning of the critical route to leave behind a 4-decades old electricity crisis. Major improvements still need to be made to the finances of the distributors, transmission lines, power service collection levels, more customers need to be regularized and investment attracted to generate more power.

Marranzini says the new administration has been able to reduce spending of the corporate unit by 44%, from US$70 million to US$39.1 million.

“We want to point out we are not satisfied with these results and we will continue to demand more to end the disaster that has prevailed in the power sector and improve its cash situation, an indispensable condition for increased investment,” he commented.

He mentioned that the CDEEE has met all the conditions set by the Inter American Development Bank (IDB) that have resulted in disbursements of US$500 million in 2009 and 2010 and all the requirements of the International Monetary Fund re the stand by agreement. Another major accomplishment has been the increase in the use of natural gas that increased from 20.7% of generation in 2009 to 28.6% in 2010. Use of fuel oil declined from 43.3% to 34.9% and the dams produced 17.5%, up from 8.6%.