The general administrator of the Dominican Electric Transmission Company (ETED), Alfonso Rodríguez Tejadastated that the country attracted more than 3.5 billion dollars in foreign direct investment for energy generation between 2020 and 2025.
Rodriguez Tejada explained that, during that period, the country received an average of 1,000 million dollars annually in investments destined for electricity production projects, as a result of the trust of the private sector and the strengthening of transmission system national.
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He highlighted that the expansion and modernization of the transmission infrastructure was decisive in attracting capital to the sector, by allowing the interconnection of more than 1,300 megawatts to the National Interconnected Electric System, which has guaranteed stable technical conditions for the development of new projects.
According to the holder of the ETEDinvestors have found in the country a transmission system strengthened and reliable, capable of responding to the demands of energy growth, which has facilitated the installation of new plants generation, mainly private sector.
Advances
Among the advances of electrical sectorhighlighted the increase in energy supply coverage, which went from 85% in 2020 more than 98% currently, as a result of the policies applied by the current administration, it was indicated in a note from the presidency of the Republic.
He argued that this period has been characterized by the higher level of private investment in it energy sectorsupported by institutional stability, legal security and the trust generated by the country’s business climate.
“This has been the management in which the private sector has made the greater investment in energy, thanks to the trust inspired by the Government and planning aimed at sustainable development,” said the official.
