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Page added on January 13, 2007

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American Chamber of Commerce says Dominican energy crisis grows

Santo Domingo.- The Dominican Republic is retreating as to the subject of capitalization of the energy sector, considered American Chamber of Commerce president, Kevin Manning.

In his view, the country has shown weakness in resolving the crisis. He also said that with, political will, the energy problem could be solved, and for this, the law criminalizing theft exists in the Congress, because, in his view, the fundamental problem is the fight against fraud in the energy sector.

Manning stated that the Dominican Energy Consortium (CDEEE) is seeking a solution in the wrong place by pursuing renegotiations of contracts, when instead the solution lies in fighting fraud.

According to the business leader, for the longest time, international entities and consultants have presented reports to the country through the United States Agency for International Development (USAID), the World Bank, and others have directly addressed president Fernandez on the issue. Manning considers that the focus should aim at the unflattering results rendered by the distributing firms.

Dominican Today



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