Economy May 28, 2019 | 8:29 am

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12 new 874MW electricity projects to cost over US$900M

Santo Domingo.- The National Energy Council (CNE) recently authorized 12 provisional concessions for new electricity generation projects to be built at a cost of more than US$900 million.

Of those 12 projects approved, two are wind energy, eight of solar and two thermal, said CNE director, Angel Canó.

Canó said the measure responds to the change in renewable energy policy in effect since 2015, regarding the closing of the window to receive requests for wind and photovoltaic concessions, “that’s why its reopening was arranged as of January 11 this year.”

He said that as a result of this change, 17 new applications have been received from companies interested in investing in the electricity subsector, 12 approved concessions among them.

“These concessions represent a potential of 874 MW corresponding to renewables that, if the studies and the necessary steps to reach the final concession are completed, would be incorporated into the generation matrix in the short term.”

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