The Punta Catalina thermoelectric plant closed the fiscal year of 2025—as of December 3—with transfers to the Dominican State for 258.4 million dollars, consolidating itself as one of the public assets with the greatest capacity for cash generation.
With this result, the accumulated contribution of the Punta Catalina Electric Generation Company (EGEPC), among 2023 and 2025amounts to 562.9 million dollars, channeled through public debt amortization, dividends and taxes.
The 2025 figure represents the greatest annual effort from the entry into operation of the plant and marks a turning point in its role within public finances, as highlighted by the EGEPC through a press release.
The 2025 fiscal year was, simultaneously, the most demanding and the most revealing for Catalina Point. In a context of tax restrictionsthe plant assumed a significant financial burden, becoming de facto a fiscal stabilization instrumentstates the statement.
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During the year, 141 million dollars were allocated to debt payments with the Ministry of Finance, reflecting the use of the company’s flows to meet liabilities associated with the project and the electricity sector as a whole. Added to this was the distribution of $59 million in dividends, a sign of operational profitability.
The third component of the 2025 contribution was the payment of 58.4 million dollars in taxesconsolidating Catalina Point as one of the most relevant taxpayers within the public business sector.
Together, these flows confirm that the company has reached a phase of financial maturitywith the capacity to simultaneously hold tax obligations, assets and operations.
Strategic asset
The performance of Catalina Point contrasts with the structural situation of the dominican electrical system. While distributors continue to register technical losses and commercial activities that oblige the State to maintain recurring transfersthe plant generates surpluses that allow part of that same fiscal effort to be financed.
In an institutional statement, the executive vice president of EGEPC, Celso Marranzininoted that “the 2025 results confirm that Catalina Point has ceased to be just an energy project and has become a strategic asset of public finances, with measurable and sustained contributions to the State”.
According to the report, the 2025 performance reinforces the thesis that Catalina Point It is one of the few state assets capable of generating net tax value. At the same time, it raises questions about the sustainability of a model in which a profitable company compensates, via its flows, the persistent inefficiencies of the distribution chain.
