A delegation of Middle Eastern investors have presented President Leonel Fernandez with a proposal to construct two coal-fired generators in Azua and Manzanillo that have been discussed in the nation's media for the past few weeks. According to Listin Diario, the delegation would take over Westmont Power's original offer, thus freeing the Dominican Government from the requirement to pay US$140 million upfront, and build a new oil refinery either in the Bay of Ocoa or in Manzanillo. The total investment value of the proposal would be US$2 billion. This information was released by the businessmen following their meeting at the Dominican Refinery (REFIDOMSA). The Middle Eastern team was headed by Mabarak Bin Fahad who represented Sheikh Sultan Bin Zayed al Nahan's investment office. The offer also included the construction of the transmission lines for the new power generators.
Jaime Vargas, who is the DR government's official responsible for Asian investments, said that the delegation had spoken briefly with President Fernandez last Monday and handed him their written proposal. The coal-fired plants, dating back to 1994, have been criticized for being harmful to the environment, and the contracts have been disputed on grounds of the lack of transparency regarding the operation.