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Press Release

US investors interested in coal power plant in the Dominican Republic

September 22, 2018 - New York, NY - The Dominican government has received an offer from US investors for the purchase of 49 percent of the shares of the Punta Catalina thermoelectric power plant in the Dominican Republic for an amount exceeding one billion dollars, the offer received is based on a value much higher than the contractual cost of the work, which is 1.945 billion dollars, if we take as metric the methodology of cost estimation (CEM) used by the U.S. Energy Information Administration (EIA) of US 2.8 million by megawatts.

No further details of the offer received by the Government were accessible at a time when the aforementioned thermoelectric power plant becomes a major asset to the national electricity sector.

Finished the power plant that according to the International Analysis agency EIA, will have the capacity to supply energy to more than 1.5 million households (2.000 households per megawatts) will be enough to cope with the demand of the population and a cheaper cost for the government and end user.

A source consulted in the International Trade Organization, in Washington D.C. United States, (International Trade Administration)said: “We are pleased that the Dominican government gives the opportunity to American investors to invest, more when the Caribbean country can show a significant growth in their economy.

"I hope that the process, whatever it is, will be carried out with integrity and there are no groups interested in adulterer the process by benefiting investors from other countries, such as China." This is in the face of rumors that there are also Chinese investors interested in power plant Punta Catalina.

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