Economy June 10, 2023 | 9:00 am

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Substantial investments are needed in the electricity sector

Minister of Energy and Mines, Antonio Almonte.

The Dominican Republic requires substantial investments in the electricity sector to support the development of renewable energies and adopt technologies that promote energy efficiency.

The Minister of Energy and Mines, Antonio Almonte, made the statement during the “CEO and Leadership” conference organized by the Caribbean Electric Utilities Services Corporation (CARILEC) and held in this eastern Dominican Republic beach resort.

The official stressed the need for electric utilities, government, regulators, and customers to find common ground in the energy transition process to ensure its success.

Minister of Energy and Mines, Antonio Almonte.
He also highlighted the challenges posed by distributed generation through self-produced solar panels and the importance of its consequences for a well-structured and environmentally sustainable energy transition.

He noted that more holistic planning is needed at the leadership level to ensure that all relevant parties involved in the energy transition have the necessary resources to achieve the goals.

The event was attended by crucial energy sector leaders from across the Caribbean, North America, and South America, with the special participation of executives from the Consortium Energético Punta Cana Macao (CEPM), and sponsorship from Wärtsilä, Aggreko, Caterpillar Inc, MSHS and media sponsor Electric Energy Online.

The Caribbean Electric Utility Services Corporation (CARILEC) is an association of energy solutions providers and other players operating in the electricity industry in the Caribbean.

CARILEC was established in 1989 with nine members as part of a USAID-funded electric utility modernization project implemented by NRECA under a five-year “Cooperative Agreement.”

Currently, CARILEC has over one hundred members, which include thirty-three Full Members who are electric utilities and over eighty Independent Power Producers (IPPs), Associate, and Affiliate Members who are companies involved in some aspect of utility service.

Minister of Energy and Mines, Antonio Almonte.

About Consorcio Energético Punta Cana Macao (CEPM) :

CEPM is a private company belonging to the electricity sector of the Dominican Republic. It generates, transmits, distributes, and commercializes energy in the tourist region of Punta Cana-Bavaro and Bayahibe, with an available installed capacity of 315 MW.

We provide reliable energy solutions and complementary services, promoting sustainable development in our areas of influence.

We understand the importance of electricity in the development process of cities and towns, and that is why we work 24 hours a day to offer a first-class electric service.

Over the past two decades, we have become the region’s main driver of growth and development.

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