Doing business in the Domincan Republic is no easy assignment. DoingBusiness.Org ranks D.R. 108th in ease of doing business and 140th in starting a business. Here at DS we can help your business meet the right people and make the correct legal and strategic decisions. Our managing director, Christopher Campos (left) is pictured meeting here with Eddy Martinez Manzueta, Dominican Republic Secretary of State and Executive Director of the Export and Investment Center, on behalf of clients seeking to do business in the Dominican Republic. (Secretario de Estado, Director Ejecutivo del Centro de Exportación e Inversión de la Republica Dominicana (CEI-RD) y Presidente del Consejo de Directores del Parque Cibernético de Santo Domingo)
[reprinted from Dominican Today]
San Pedro de Macorís, Dom. Rep.- President Danilo Medina yesterday asked Dominican entrepreneurs to invest in power plants so the country can have quality energy at reasonable cost to spur production.
The Head of State spoke after cutting the ribbon for the facility Los Origines Power Plant, in the Punta Garza industrial area, San Pedro (east) and headed groundbreaking for park’s expansion to 60 megawatts in a second stage and 100 in the third.
“We need the Dominican capital to invest in power plants in the country, so that we can eventually have a balance and some sort of reserve.”
Medina said by having a reserve in energy Dominican Republic can move forward in the process of providing quality energy at a reasonable cost, “said the president.
The new plant will provide 25 megawatts of energy to the national grid and will continue to increase its capacity.
Santo Domingo.- Dominican Republic’s State-owned Power Companies (CDEEE) today announced the start of the process of a call for tenders, to expand the national grid’s capacity by 1,000 megawatts, and a possible further increase as high as 1,500 MW, at a cost of US$3.0 billion.
Utility CEO Celso Marranzini said the call for tenders aims to attract local and foreign investment to build new coal fired or natural gas plants, with units of up to 260 MW each.
Full article at Dominican Today
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“Santo Domingo.- Central banker Héctor Valdez Albizu called Dominican Republic’s economy satisfactory, taking into account the financial crisis abroad, and announced at 4.2% growth to the third quarter, and projected at around 5% by year end.”
October 21, DominicanToday
The Dominican Republic is a diverse cultural and religious country. “The many kinds of religion in the Dominican Republic have been growing and changing. Historically, Catholicism has dominated the religious practices of the small country. In modern times Protestant and non-Christian groups, like Jews and Muslims, have experienced a population boom.”