Economy April 8, 2015 - 4:50 pm

World Bank heads push to fix country’s energy woes

Santo Domingo.- As part of the National Electricity Sector Reform Pact, Dominican Republic’s Economic and Social Council (ECOSOC) on Wednesday hosted the "Electricity Sector Day," with the participation of experts from the World Bank, the Inter-American Development Bank and the Latin American Energy Organization (OLADE).

Economic and Social Council (ECOSOC) president monsignor Agripino Núñez headed the event’s inaugural, and stressed the importance of having a reliable, competitive and sustainable electricity system for all.

Present in the meeting were World Bank local representative McDonald Benjamin and OLADE Studies and Projects director Jorge Asturias, who lectured on "How an efficient electricity sector functions."

“Through an interesting and fruitful work dynamic, organized into six groups of no more than 20 people each, attendees could interact with invited experts, who were revealing their knowledge and experiences on the following themes: Institutional Framework and Regulatory, Generation, Transmission, Distribution, Tariff and Financial Aspects and Users and Consumers,” the World Bank said in an emailed statement.

“Therefore the objective of the actors called for the Electric Pact was fulfilled, to have access to a better knowledge and understanding of the matters to be discussed at the next Working Groups under the Third Phase of the General Methodology of the Coalition of National Agreement on Reform of the Electricity Sector,” the statement said.

ECOSOC executive director Iraima Capriles read the conference’s conclusions and outlined the next steps for discuss proposals paving the way to the Electricity Pact.

For his part, Rubén Jimenez, CEO of the State-owned Electric Utility (CDEEE), delivered the speech to close the conference held at the Hotel Embajador.

COVID-19

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

April 15, 2024 - 8:40 am

Cyber attack exposes Covid-19 vaccination records in Dominican Republic

April 9, 2024 - 3:12 pm

Dominican Republic moves to implement neonatal screening

MOST READ

Economy

Dominican Republic breaks ground on Punta Bergantín Innovation Hub

Tourism

New JetBlue offer: flights to Dominican Republic from $89

Tourism

Entities sign agreement to collect tourism waste

Economy

Dominican Republic wraps up 1st LatAm Trade Show with $28M in contracts

MORE NEWS

Local

Luis Abinader toured the province of Santo Domingo in support of his coalition candidates.

Tourism

Frontier will have nearly 34,000 seats on the Puerto Rico-Santiago de los Caballeros flight

Local

Trough will continue to generate rains this Sunday

Local

Army military battalion joins police patrols to ensure security