Friday, December 9, 2022

Deputies approve eliminating CDEEE and establishing Punta Catalina as a company

The Chamber of Deputies approved this Tuesday in first reading the bill that eliminates the Dominican Corporation of State Electric Companies (CDEEE) and the Rural and Sub-Urban Electrification Unit (UERS), and provides for the creation of the Electricity Generating Company Catherine Point.

Article 3 establishes that as of the entry into force of this law, the Dominican Corporation of State Electric Companies (CDEEE) is abolished, transferring its functions to the Ministry of Energy and Mines.

Likewise, that the Ministry of Energy and Mines must, within a period of no more than 30 days, create a technical commission to conclude the final transfer processes of the assets, liabilities and contingencies of these two institutions, in coordination with the Ministry of Treasury, in accordance with the provisions of this law.

On the other hand, article 10 establishes that the Executive Power will create the Punta Catalina Electric Generation Company (EGEPC), in order to transfer the ownership and administration of the electric generation units, equipment, systems and buildings that make up the Punta Catalina Thermoelectric Power Plant.

In its article 13, it is contemplated that the EGEPC will be of strictly state capital, will have legal status, its own assets, capacity to contract commercial and contractual obligations, according to its own management and control mechanism.

The project was introduced to the National Congress, via the Chamber of Deputies, by the Executive Power.

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