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Energía eólica. Al parque eólico Los Cocos, de   Wind energy. Los Cocos wind farm of 85             “IN THE ENERGY SECTOR THIS IS
85 megavatios, se sumarán 50 megas de Lari-      megawatts, will add to the 50 megawatts of         A COUNTRY WHO’S TRUSTED TO
mar, un proyecto en desarrollo que convertirá a  Larimar, an ongoing project that will make the     DO BUSINESS”
la región Sur en el mayor aportante de energía   South region the largest contributor of renewable
renovable.                                       energy.                                            Energy production is one of the most profitable
Ley 57-07. Esta legislación ofrece incentivos y  Law 57-07. This legislation provides incentives    businesses in Dominican Republic, combined with
exenciones impositivas a los inversionistas en   and tax exemptions to investors in renewable       the legal facilities for the development of diverse
proyectos de energía renovable, ya sea solar,    energy, such as solar, wind, water or any other    projects of renewable production.
eólica, hidráulica o de cualquier otra fuente    natural source that does not impact the environ-
natural que no impacte en el medio ambiente.     ment.                                              Dominican Republic has successfully received projects of green
                                                                                                    investment, from wind and solar power, biomass, and hydroelec-
y el Gobierno ha dado mucho                      parte de la CAIPA (Caribbean                       trics which have had a high impact in the national economy.
apoyo a la Comisión Nacional de                  Association of Investment Promo-                   With the approval of the Law 57-07 on Development of Renewa-
Energía, al Ministerio de Hacien-                tion Agencies), en la categoría de                 ble Sources of Energy, Dominican Republic has set the basis to
da, Aduanas y DGII, los cuales,                  “Regional Best Practice in Green                   reach, in short time, the self-sufficiency on the subject of energy
sumados al sector energético, han                Investment” por nuestro desem-                     generation,without causing serious damages to the environment.
dado el mensaje de que las cosas                 peño en la promoción y captación                   This legislation contemplates incentives and fiscal exemptions
funcionan y eso permite que las                  de proyectos de inversión verde y                  both for producers and for auto-generators of alternative energy,
inversiones fluyan. Esto se debe al              energías renovables..                              which has allowed the Dominican Republic to turn into one of the
alto nivel de confianza. Hoy, Re-                                                                   main producers of this type of energy of the whole region.
pública Dominicana, en materia                   Premio del BID “Infraestruc-                       Enrique Ramirez, executive director of the National Commis-
de energía renovable, es un país                 tura 360”                                          sion of Energy (CNE), emphasizes the main investments in the
puntero que goza de la confianza                 En el mes de marzo del 2014, la                    renewable energy field.
para la inversión.                               República Dominicana obtuvo el
                                                 reconocimiento “Infraestructura                      How has the D.R. advanced in the renewable energy
RECONOCIMIENTOS                                  360” por parte del Banco Inte-                     sector?
Premio Regional a la Mejor Prác-                 ramericano de Desarrollo (BID)                     The renewable energy currently has a significant impact due
tica en la Promoción de Energía                  por el proyecto Parque Eólico Los                  to its low prices. Because of the technological progress and
Verde                                            Cocos, como modelo de inversio-                    the European crisis, a renewable project that used to have a
En el 2012, el CEI-RD obtuvo                     nes sostenibles y liderazgo en ma-                 10 year return of investment ,now offers a ROI of 3 to 4 years.
un reconocimiento regional por                   teria de medio ambiente.                           We need a cheap energy base, and this is what president Da-
                                                                                                    nilo Medina has proposed with the hiring of international cre-
                                                                                                    dits for the construction of two new plants of mineral coal.Next
                                                                                                    year is expected the entry of 180 megawatts in solar energy
                                                                                                    and in the 3 to 4 following years, the non traditional renewable
                                                                                                    energy might be a 1.5 % to 2 % of the entire generation.

                                                                                                      What are the new energy projects under development?
                                                                                                    Vicini is investing in a new 30-megawatt biomass plant. It will be
                                                                                                    one of the region’s largest plants of its kind. It will produce energy
                                                                                                    from cane bagasse,but also with natural gas and coal.In the Cor-
                                                                                                    poration of free trade zones of Santiago also began the installation
                                                                                                    of a biomass plant of 3 megawatts that will produce with residues
                                                                                                    and wood of around 100 km radius of the area of Santiago.We
                                                                                                    have 12 megawatts of solar power installed with a monthly avera-
                                                                                                    ge of 500 kilos that are been integrated into the system,especially
                                                                                                    solar energy. The Dominican system proposes alternatives and
                                                                                                    solutions that allow us to have an impact on energy prices.

                                                                                                      Are there other projects in Scope?
                                                                                                    The Larimar project, which is a 50-megawatt wind farm pro-
                                                                                                    ject,is the third stage of Los Cocos,Pedernales,which will add
                                                                                                    135 megawatts in the southern area of the country.There are
                                                                                                    two wind projects, which are seeking financing, for about 80
                                                                                                    megawatts between South and North.We are also in the pha-
                                                                                                    se of construction of 30 megawatts of solar power in Monte
                                                                                                    Plata. We have in scope the possibility to install around 100
                                                                                                    mini hydro, through the REUS and the CDEEE.

                                                                                                      Can Energy exhibit good results?
                                                                                                    With its renewable energy policy ,the country has achieved
                                                                                                    positive results, because the sectors that act in the process
                                                                                                    of recognition of the investment and work incentives ; the
                                                                                                    Government has given large support to the National Com-
                                                                                                    mission of Energy, to the Treasury Department, Customs and
                                                                                                    DGII, that together with the energy sector, have given the
                                                                                                    message that things work and ,that allows the investments
                                                                                                    to flow.This is due to the high confidence level.Today, Domi-
                                                                                                    nican Republic, on the subject of renewable energy, is a top
                                                                                                    country that enjoys the confidence for investment.

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