Power comapanies will invest if the Govt. respects the Law
Santo Domingo.- The executive vice-president of Dominican Republic’s power companies grouped in ADIE, on Wed. reaffirmed its commitment to continue at the forefront in technological innovation of the private electricity sector, making the necessary investments to continue its development of an efficient supply of energy for the economy.
During the breakfast hosted by the American Chamber of Commerce “Expansion and sustainability of the national electricity sector; realities and challenges,” Manuel Cabral stressed that the private sector has invested in 2.9 megawatts of new power and repowering, as well as in the production of clean energy, becoming a pioneer in the country of non-conventional renewables.
“The private electricity industry has managed to vary the sources of generation in such a way that we have the most diversified matrix in Central America and the Caribbean, and we are one of the few countries that generates with natural gas,” Cabral said.
The business leader said to continue with the investments that guarantees sustainable development on electricity generation, clear rules are needed to promote equal conditions for all market players and strict compliance with the General Electricity Law.
The ADIE executive acknowledged the government’s efforts to make short-term tenders and stressed the need for long-term energy procurement, as established by Law. “This guarantees stability in prices and encourages investment in the sector.”