Economy November 14, 2018 - 8:21 am

Govt. looks to solve electricity crunch with US$1.0B loans

Santo Domingo.- With the US$1.0 billion the Government plans to borrow (US$600.0 million from China and US$400.0 million from the IDB) to solve the electricity crunch, the sector’s deficits will be a thing of the past, said Roberto Herrera, president of the association of power companies (ADIE).

“If they are consciously, strategically, invested in intelligent networks, smart meters, technological platforms and software, the losses in the electricity sector would be resolved with investments ranging from US$600.0 million to US$800.0 million,” the business leader said in an activity where electricity sector personalities participated.

“With this forum, what we want to bring to the country is this process that the world is already carrying out, which is to continue diversifying and deepening in what has to do with the incorporation of more renewable energies into the country’s energy matrix.”

COVID-19

May 5, 2024 - 9:36 am

287 people arrested in Los Haitises for environmental crimes

April 30, 2024 - 10:04 am

SeNaSa hires more than 1,500 doctors

April 26, 2024 - 9:23 am

Pro Consumidor clears rice brands of harmful metals

April 22, 2024 - 1:21 pm

Ney Arias Lora Hospital and CMD appeal ruling

MOST READ

Tourism

Cuba shows interest in exploring opportunities in Dominican tourism

Local

Scientific study reveals oil generation potential in Dominican Republic’s basins

People

Celinee Santos crowned Miss Dominican Republic Universe 2024

Expats' Corner

Tips for couples making the Big Move to the Dominican Republic

MORE NEWS

Local

Landfill closed due to water contamination for Cabo Rojo hotels

Local

Proindustria committed to promoting MSMEs led by women

North Coast

Fatalities reported in Santa Bárbara de Samaná Fortress riot

Tourism

Dominican Republic and Brazil to boost Tourism cooperation