Economy

Mogul: Dominicans must invest in Haiti to avert a catastrophe – DominicanToday.com


Vicini Group CEO Juan Vicini on Tuesday proposed dividing the power grid into two systems: profitable and unprofitable, to establish a real (not subsidized) rate for circuits that can afford it, to spur private investment in the sector, and warned that Dominican Republic must invest in Haiti “to avert entering a catastrophe.”

“People who can pay the energy shouldn’t have a subsidy,” the mogul said.

Vicini said a mechanism can be established for unprofitable circuits to guarantee their inclusion in the service, such as installing solar panels to supply a particular demand and provide their surplus to the system. via – DominicanToday.com

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