CONEP has energy plan
środa, listopad 5th, 2008The National Business Council (CONEP) is proposing a four-point plan to revamp the energy sector. As part of CONEP’s plan, the current US$1.3 billion deficit with the energy sector could be turned into an US$90 million surplus in four years providing there is: 1) a reduction of technical and non technical losses, 2) a reduction of purchase price of fuel, 3) privatization by 50% of EdeNorte and EdeSur and 4) an energy sector watchdog. CONEP is also proposing a partly government funded fiduciary fund (of which the government would pay 50%) which would be used to improve the distribution networks and stop energy theft, a common problem in the DR. CONEP is also proposing investment in the system, which the State-run Electricity Companies (CDEEE) vice president Radhames Segura has criticized the private sector for failing to do. The plan also calls for the reduction in the cost of “storage” by [...]
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