Dominican government plans to reach a solution to its costly
electricity crisis, which undermines the country's competitiveness.
BY JOACHIM BAMRUD
SANTO DOMINGO – The Dominican Republic is expected to have Latin America’s
second-highest economic growth this year, but the
country remains one of the region’s worst countries in electricity service.
Blackouts remain common,
especially in capital Santo Domingo. The
crisis especially impacts poor neighborhoods, but also several parts of the
city are hit. Even the area where the presidential palace is located has seen
several major blackouts the past year.
As a result, the economy
is likely to lose a significant amount of lost productivity while local and
foreign companies alike complain about the additional cost of investing in back-up
generators and power plants. Meanwhile, companies and consumers alike lament
the high costs of electricity, made even worse by the uneven supply.
electricity sector is probably the epitome of the badly functioning
public services in the Dominican Republic,” The World Bank said in a
recent report. “Although the service has improved slowly in recent
years, on average electricity service is not available 20 percent of the
A typical Dominican
company suffers from ...
Keywords: ADIE, AES, CDEEE, CEPM, Danilo Medina, Hipolito Mejia, Inter-American Development Bank, Leonel Fernandez, Punta Cana, The World Bank