Local November 2, 2012 | 8:46 am

The President asks the power companies for a break

Santo Domingo.- President Danilo Medina asked the power companies to avert the blackouts known as “financial” during the rest of the year due to the government’s severe economic difficulties to pay them the US$600.0 million debt, which he pledged to honor starting January.

Economy Minister Temistocles Montas made the announcement Thursday, who said the government awaits their response, until Medina meets with them again Wednesday.

"In this meeting with the power companies it was about how the Government’s debt with this sector will be managed for the rest of the year and how they’ll handle it in a context where the government currently has serious economic difficulties, that was the core issue, and what the energy pact will eventually be, which will have to be initiated afterward," the official said.

Montas added that Medina asked the power companies to review their cash flow to see how they can make a contribution, to enable the Government to deal with the fiscal situation from now until the end of the year, without major problems with the industry.

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