DR1: Leonel to Sign Energy Deal with Colombia

 

I hope the deal won´t have any cost for the country if the result is that the 1,200 MW project results unfeasible.

 

President Leonel Fernandez will sign an energy agreement with Colombia during his weekend there. On Monday, Fernandez will meet Colombian entrepreneurs who have shown an interest in investing in the DR. Together with Colombian President Alvaro Uribe, Fernandez will look at the possibilities of developing alternative energy sources, similar to what has been done in Colombia. These mostly deal with wind power and sugar cane alcohol. Both heads of state will also discuss the current high fuel prices, the fight against the Caribbean narcotics trade and an exchange of information for effective cooperation in that field. Hoy reports that, according to information coming from the Dominican Presidential Palace, the Dominican Republic will take on a line of credit for oil and coal purchase. The credit will be extended by the Colombian Bank of Foreign Commerce.

 

José Antonio Vanderhorst Silverio, PhD