President Leonel Fernandez informed that five more generators of 34 megawatts each are also being purchased from a French firm. He also said that two more combined-cycle plants of 125 megawatts each are under construction. The government also appointed a commission to find foreign suppliers for two floating plants that would boost power generation within three months. The President made the announcement following the disclosure of the heated financial debate that is ongoing with private suppliers, regarding contractual conditions that are markedly unfavorable to the Dominican government and consumer side. A prolongued drought has diminished the production of hydroelectric plants by 200 megawatts.
Demand continues to increase in line with the upsurge in economic activity.
And to make matters worse, thousands of users do not pay for the service received. Its regulatory scheme is yet to be approved by Congress, which has contributed to the delays in resolving the power outages crisis. Market pressure is due to the fact that several large international companies have been repatriating their dividends and merchants are stocking up for Christmas sales. Following the injection, the exchange rate fell 12 points from Friday. Monies used come from the international reserves of the Central Bank.