Dominican Republic reimburses Odebrecht for power plant

Dominican Republic reimburses Odebrecht for power plant

Project & Infrastructure Finance Energy Electricity Regulation Dominican Republic Caribbean

Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE), the state-owned power holding company in the Dominican Republic, has agreed to pay an additional $396 million to a consortium with Brazilian construction firm Odebrecht for building a power plant. The consortium, which includes the Italian engineering firm Maire Tecnimont and the local conglomerate Grupo Estrella, had sought $973 million in additional payments for the construction of a coal-fired Punta Catalina plant, the Dominican

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