| The Dominican Sun |
| "Daily Dominican Republic News in English Since 2004" |
| Thursday, May 23rd, 2013 |
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AES supplies energy at Central America`s and the Caribbean’s most competitive prices
Story Text & Photos © 2013 by Dominican Today May 22 2013 21:59PM
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 Dominican Today -
Santo Domingo- The consolidated portfolio of energy generators that the power company AES manages offer the most competitive electricity prices in the local market as well as the Central America and Caribbean region.
This was revealed by Marco De la Rosa, during breakfast the Energy Committee of the American Chamber of Commerce (AMCHAMDR), explaining that “AES sells a kilowatt hour of electricity 26% lower than Dominican Republic’s hydroelectrics, 40 % below the average of other technologies in Central America and the Caribbean, and less than half the average price of other contracts and the local spot market.
De La Rosa attributed this competitive advantage to factors such as the technologies used by AES Dominicana’s power plants and the types of fuel, such as natural gas and coal, coupled with an efficient administrative management taking advantage of economies of scale made possible by being part of a global company such as AES Corporation.
“We reaffirm AES’ long term commitment with the country to continue contributing to the development of the Dominican energy sector and improve the quality of life of the communities where we operate, in line with our corporate mission,“ noted De La Rosa during the activity.
In that aspect he affirmed that it’s very positive that the CDEEE has within its strategic plan to expand electricity production based on coal with the expansion of the Itabo III unit, utilizing the existing platform, which would add 300 megawatts to the National Interconnected Electric System (SENI), which “ will undoubtedly result in savings to the state coffers through a significant reduction in the electricity sector’s financial deficit which is covered with central government funds. “
He said the energy base’s continued diversification, reduced dependence on oil, with bolstered and expanded high voltage grids and refurbished power lines, installation of meters and continuously more efficient technical management and commercial sector distribution systems, are the main challenges facing the electric power sector in the short and medium term.
Read original at Dominican Today.
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Don’t send Haitians to Dominican territory, official warns Brazil
Story Text & Photos © 2013 by Dominican Today May 22 2013 21:59PM
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 Dominican Today -
Santo Domingo- Immigration Agency director on Wednesday said the country isn’t obliged to receive Haitian nationals repatriated from Brazil or other nations, if they didn’t depart from the country.
Jose Ricardo Taveras noted that in recent months Brazil has deported more than 300 Haitians who allegedly departed from Dominican Republic.
He said the country, which signed off on the International Migration Convention, is obliged to receive foreigners who’ve departed illegally from Dominican ports and airports to other nations, but if those Haitians Brazil plans repatriate didn’t leave from Dominican territory, Brasilia “could save the money of their airfare because we will not receive them here. “
The official stressed that although the issue is about human beings, the country isn’t obliged to receive those who’ve traveled to Brazil from other nations.
Read original at Dominican Today.
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Former beauty queen wants quick divorce from mogul husband
Story Text & Photos © 2013 by Dominican Today May 22 2013 19:29PM
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 Dominican Today -
Santo Domingo- Former beauty queen Sandra Kurdas, who accused her husband, the businessman Frank Jorge Elías with assault, said she wants to conclude their divorce soon.
“I have hopes that the process will end soon,“ said Kurdish through on Twitter. “I am very concerned that he can manipulate things to hurt me from prison. I just want live in peace and enjoy my children. “
The former Miss Ohio posted photos showing bruises to her face and blames Jorge, her husband of 32 years.
The business leader is being held since Friday, when the National District Permanent Attention Court sent him to spend three months in custody at San Pedro while awaiting trial.
Read original at Dominican Today.
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Airports chief says strict security reigns over all air terminals
Story Text & Photos © 2013 by Dominican Today May 22 2013 18:59PM
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 Dominican Today -
Santo Domingo- Airports Dept. director Aristides Fernandez on Wednesday said security services of quality are provided at all aerodromes operated by the Government.
He said the air terminals, from where dozens of domestic flights to Haiti and the Caribbean islands operate daily, are equipped with modern and sophisticated security and video cameras, to control all air traffic.
The official said the strict controls applied at domestic airports prevent the terminals from being used for drug smuggling and other crimes.
“Our Armed Forces and Airports Department officials deployed in all aerodromes maintain absolute control of all aircraft movements and passengers,“ the official told reporters prior to a meeting with representatives from several agencies and the Airports Commission at the Las Americas International Airport.
Read original at Dominican Today.
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State bank announces 7. 5‰ rate for homes of up to US$97,500
Story Text & Photos © 2013 by Dominican Today May 22 2013 18:29PM
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 Dominican Today -
Santo Domingo. . - Dominican Republic’s State-owned bank (Ban-Reservas) on Wednesday announced a 7. 5% interest rate for low-cost homes of up to RD$4. 0 million (US$97,500).
Reservas administrator Vicente Bengoa said the rate, which stems from the Monetary Board’s release of bank reserves, will increase to 8% in the second year, and 8. 5% in six years.
He said industry can access loans with rates from 7 to 9%, from 7. 5 to 9% for the agro sector and 9% for consumer loans, all subject to a risk assessment on the applicant.
In a news conference held at Ban-Reservas headquarters on Churchill Av. , the official said the funds should be available by July.
Read original at Dominican Today.
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Government forks out US$135M to nix 30-year road toll contract
Story Text & Photos © 2013 by Dominican Today May 22 2013 17:29PM
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 Dominican Today -
Santo Domingo- The Dominican government and the Colombian company Dominican Roads Concession (DOVICON) on Monday agreed to terminate the 30-year contract to manage the tolls on the Duarte-Puerto Plata and 6 de Noviembre (southern) highways, with a US$135 million compensation.
The details of the contract termination will reportedly be announced in the coming days and includes a US$124 million loan from the State-owned Reservas bank.
The previous administration headed by Leonel Fernández signed the contract with DOVICON, which in addition to the Duarte, called for repairs and maintenance of the country’s major northern and southern roads.
The company had agreed to spend US$400 million to recover at least US$3. 7 billion in tolls.
The contract called for DOVICON to invest US$471. 9 million to complete the work of design, of finance and to maintain the Southern and Duarte highways, while the contractor charged a toll of RD$50 in various new and current stations on both highways.
Read original at Dominican Today.
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State bank announces 7. 5‰ rate for homes of up to US$975,000
Story Text & Photos © 2013 by Dominican Today May 22 2013 17:29PM
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Dominican Today -
Santo Domingo. . - Dominican Republic’s State-owned bank (Ban-Reservas) on Wednesday announced a 7. 5% interest rate for low-cost homes of up to RD$4. 0 million (US$975,000).
Reservas administrator Vicente Bengoa said the rate, which stems from the Monetary Board’s release of bank reserves, will increase to 8% in the second year, and 8. 5% in six years.
He said industry can access loans with rates from 7 to 9%, from 7. 5 to 9% for the agro sector and 9% for consumer loans, all subject to a risk assessment on the applicant.
In a news conference held at Ban-Reservas headquarters on Churchill Av. , the official said the funds should be available by July.
Read original at Dominican Today.
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Government measures spur Banesco bank to expand
Story Text & Photos © 2013 by Dominican Today May 22 2013 16:59PM
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 Dominican Today -
Santo Domingo- Banesco bank CEO Juan Carlos Escotet on Wednesday said the Monetary Board’s decisions and changes implemented point to the growth of financial intermediaries, prompting them to expand their business in the Dominican Republic.
Escotet, who met with president Danilo Medina in National Palace, said the bank will open three new branches this year, for a total of 14 nationwide.
He said Banesco’s Dominican bank assets exceed US$34. 0 billion in the seven countries it operates, with more than 7. 0 million clients.
Banesco executives and government officials also attended the meeting.
Read original at Dominican Today.
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Trendy bar owners deny racism
Story Text & Photos © 2013 by Dominican Today May 22 2013 15:59PM
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 Dominican Today -
Santo Domingo- The owners of the trendy bar “La Chismosa“ (gossipy woman) on Thursday delivered documents to the National District Office of the Prosecutor, which hundreds of photos posted by customers that show no racial discrimination or denied entry on skin color, as denounced in several media last week.
La Chismosa’s owners delivered the documents Monday morning at the Prosecutor’s Human Rights Unit, where they were questioned about the lawsuit filed by a man who said he barred from entering the club because of his skin color
Accompanied by the lawyers Tomas Hernandez and Marisol Vicens, the club’s owners denied allegations they discriminate against people.
Read original at Dominican Today.
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Prosecutor says drug cartel plans to kill him
Story Text & Photos © 2013 by Dominican Today May 22 2013 15:59PM
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 Dominican Today -
Dominican Republic- La Romana province prosecutor José Polanco Ramírez said Monday drug traffickers and killers-for-hire plan attempts on his life and those of his family, for which he was assigned more bodyguards.
He said Justice minister Francisco Dominguez and Police chief Jose A. Polanco already provided increased protection for him and his family, from the threat by the so-called “Cartel of the East. “
“We decided to confront organized crime,“ the official said, who noted that the alleged threats were uncovered through third parties. “It has been determined by interrogation, according to police, that there’s a serious threat to my life and our family. The National Police has warned us. “
He said the intimidation increased after the arrest of “Cartel of the East“ members, linked to in heinous crimes in that on other eastern cities, such as the recent shooting death of two men and two others wounded in the Car Wash-Café Coton.
Polanco Ramirez said he’s aware of the job’s risks, but does it regardless fear, even if some authorities might be linked to organized crime.
Read original at Dominican Today.
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