The President Luis Abinader Yesterday he highlighted the potential that the Dominican Republic has for direct investment in the electrical sector and that the country could even produce energy to sell to Puerto Rico and other Caribbean nations.
He said that the electrical sector requires investments of around US$5.4 billion in the coming years to continue the transformation in generation, transmission and distribution.
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“Our goal is to achieve a cold reserve by 2027, creating a surplus that will allow us to lay an underwater cable to sell electricity to Puerto Rico. Another goal is to reach 30% of renewable generation by 2030,” he said.
The Dominican president spoke on the subject to representatives of various nations and investors at the conference “Investment in Infrastructure in Latin America and the Caribbean,” organized by the Development Bank of Latin America and the Caribbean (CAF) and the Financial Times, on the “identification of opportunities for investors and asset management.”
I highlight the progress made by Dominican Republic in the economic, legal and social spheres. He acknowledged that new injections of fresh capital are needed to continue moving towards sustainable development.
He said he was committed to attracting new investments in essential infrastructure to boost sustainable development and achieve a virtuous circle of prosperity.
