Economy June 20, 2024 | 11:19 am

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Hydroelectric plants save Dominican Republic $89.1 million in oil purchases

Santo Domingo.- In the first five months of 2024, hydroelectric generation in the Dominican Republic saved the country US$ 89.1 million by reducing the need to purchase oil on the international market.

From January to May 2024, the Dominican Hydroelectric Generation Company (EGEHID) produced 575,532.83 megawatt-hours of renewable energy, avoiding the purchase of 1,107,952.49 barrels of oil.

Compared to the same period in the previous year, hydroelectric production increased by 161.6 gigawatt-hours, primarily due to higher rainfall in mountainous areas and improvements in hydroelectric plant operations.

In May 2024, hydroelectric production reached 163.7 gigawatt-hours, a significant increase from the 65.1 gigawatt-hours produced in May 2023, representing a 251.4% increase.

EGEHID boasts an installed capacity of 624.5 megawatts of clean energy across its 27 hydroelectric plants, strategically located to harness water from the country’s key hydrographic basins.

EGEHID’s integration into the Interconnected Electrical System (SENI) adheres strictly to the Coordinating Body’s schedule, ensuring the sustainability and stability of the country’s energy service.

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