Economy December 20, 2017 | 3:55 pm

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Dominican Republic industries to snub ‘secretive’ Electricity Pact

Santo Domingo.-  Herrera and Santo Domingo Province industries Association president Antonio Taveras announced Wed. that despite their being convened to sign the Electricity Pact in the National Palace on 6pm Thurs., they won’t sign it.

He said they will not attend because they affirm the document is deficient, legitimizes the highly compacted sector and curtails the possibility of new competitors, among others disputes.

Earlier this week the business leader slammed the pact’s commission, describing as “secretive” the manner in which measures are adopted.

“The country has a strong problem of institutionalism,” Taveras said. There’s a high politicization of the distributors that deepen the sector’s problems.

“Government agencies work with five, six times the payroll they need,” he said, adding that “If the problem of the Edes is not resolved we can have several Punta Catalinas (power plant), but we cannot solve this,” he said.

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