Dominican Republic: Energy Problems Continue

BY CHRONICLE STAFF

Last week, US-based Trust Company of the West (TCW) announced it was suing the Dominican government for $680 million due to loss of income and cash flow in EdeEste, a distribution company it acquired in 2004 from US-based AES Corporation.

The lawsuit is only the latest problem to affect the beleaguered Dominican electricity sector, which is plagued by complaints of frequent blackouts. Companies typically have to have emergency generators in place to keep lights from turning off during the day and some big companies even...