DR is a key and reliable investment destination

The Dominican Republic is moving forward with firm steps towards progress, with great strides towards the diversification of its energy matrix and the development of increasingly less polluting generation sources; and on this path, InterEnergy Group accompanies the country with important projects that are already seeing the light towards a zero-emissions horizon.

This was stated by Rolando González Bunster, president and founder of InterEnergy Group, parent company of CEPM and Evergo, during his participation in the Americas Society/Council of the Americas, held today in Santo Domingo.

“The Dominican Republic stands out in the Latin American region as a reliable and attractive destination for investment and development of projects aligned with an increasingly cleaner energy matrix. InterEnergy Group’s commitment to this purpose is firm, as it has demonstrated with an investment that will total more than USD $2.5 billion in this country when the CEPM Zero project is completed,” said the executive.

As part of these projects, one of the most outstanding is the CEPM Zero program, in which this group aspires to the carbon neutrality of CEPM, through the use of renewable energies such as wind and solar energy, storage systems such as batteries and reservoirs, as well as the use of green hydrogen. With the combination of these technologies, the goal is to reach a 30% penetration of renewable energies in CEPM’s matrix by 2024-2025, 60% by 2026-2028, and 100% by the end of the decade.

With an investment of more than US$1 billion, CEPM will become one of the world’s first zero-emission, 100% renewable electricity companies and will contribute to making the Dominican Republic the first tourist destination to become a global sustainable model. As part of this mission, the Saona Sostenible project is being developed, with which Saona Island became the first and only island in the hemisphere with 100% renewable energy 24 hours a day, with an investment of USD $10 million.

In line with these commitments, the group has also promoted electric mobility through its Evergo brand, which has become the largest and most sophisticated network of charging stations for electric vehicles in the region, with a presence in the Dominican Republic, Panama, Jamaica, Mexico, Aruba and soon in Uruguay, Paraguay and Spain. With Evergo, more than 1,000,000 kg of CO2 emissions have been avoided.

In short, InterEnergy Group plays a leading role in the Latin American and Caribbean region, where the group has a presence and manages a total installed, available and developing capacity of more than 2.0 GW, of which nearly 40% is renewable.

“Experience has shown us, in our 30 years of history, that energy transformation is a fact; and, from InterEnergy Group, we maintain the leadership for an organized transition towards that future, primarily focused on renewable generation”, concluded the president of InterEnergy Group.

As part of the InterEnergy Group delegation, Rolando González Bunster was accompanied by Mr. Roberto Herrera, country manager of InterEnergy Group in the Dominican Republic, member of its board of directors and executive director of CEPM.

The Americas Society/Council of the Americas (AS/COA), in collaboration with the Vice Presidency of the Dominican Republic, brings together for the first time in Santo Domingo government officials and private sector executives as part of the Latin American Cities Conference Series, as a meeting point for the development of investment opportunities in the country as a logistics hub in the region, in addition to addressing issues of trade, energy and technology, among others.

González Bunster participated in the panel “Facilitating sustainable investment in strategic sectors”, accompanied by Victor Bisonó, Minister of Industry, Commerce and Mipymes; and Andrés Gluski, President and CEO, The AES Corporation.

Source: Eldia.com.do

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