7 renewable energy contracts signed

The Minister of Energy and Mines and the Executive Vice President of the Unified Council of Electricity Distribution Companies, headed the signing of seven contracts for renewable energy projects, with national and foreign companies, which would contribute 420 net megawatts to the system and could reach 544 peak megawatts of clean energy.

During the event, held in one of the halls of the “Club Julio Sauri” of the CDEEE, several of the investors highlighted the levels of transparency and speed with which these contracts were evaluated and approved, considering that, in the past, they took between one and eight years.

Speaking of the investment earmarked for these projects, which will exceed US$485 million, Minister Antonio Almonte considered it a milestone to have signed these contracts because they stimulate investment in energy, generate confidence and fulfill the promise of change in the sector.

“These investors will give testimonies and will be promoters for the stimulation of new investments in the Dominican Republic in the energy sector, after having reached this process without any difficulty in terms of transparency and legality”, he said.

Almonte expressed that due to the facilities received and the transparency of the process, the investors present would be the best promoters to stimulate the influx of capital for the investment in clean energies and thus transform the generation matrix by injecting renewable sources.

He affirmed that the construction of these projects will begin soon in the different municipalities of the country.

The vice-president of the Unified Council of the EDEs, Andrés Astacio, was in charge of the signing of the energy purchase and sale contracts with the participating companies, Koror Business S.R.L; Desarrollo Fotovoltaicos DSS, S.A.S.; Levitals Grupo Inversor, S.L.U.; Ege Haina, AES Dominicana Renewable Energy, S.R.L; Electronic, J.R.L. and Natural World Energy Corporation, NWEC, S.R.L.

The companies plan to develop their photovoltaic projects of between 42 and 120 megawatts in Azua, Peravia, San Cristóbal, San Pedro de Macorís, Monte Plata and La Victoria, in Santo Domingo Norte.

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