Economy April 16, 2015 | 9:01 am

Dominican Senate approves US$656M loan for ‘clean’ coal plants

Santo Domingo. The Senate on Wednesday approved a loan of more than US$656.0 million to build two ‘clean’ coal-fired power plants Punta Catalina, Peravia province (south).

The loan from Brazil’s BNDES bank and the construction company Odebrecht, to be executed by the Dominican State-owned Electric Utility (CDEEE).

The Finance Committee rendered a favorable report hours after hearing from a delegation of experts including the CEO of the CDEEE Ruben Jimenez Bichara, among others.

The Punta Catalina project consists of two power plants of 360 MW megawatts each, thrt will operate with clean pulverized coal.

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