USTDA Helps Develop Clean Energy in the Dominican Republic
December 19, 2014
(USTDA)
Three New Projects Promote Adoption of
Innovative Financing Mechanisms and Greener
Technologies
SANTA DOMINGO, DOMINICAN REPUBLIC – Today, the
U.S. Trade and Development Agency awarded
grants to three electricity sector entities in
support of their efforts to deploy clean energy
solutions in the Dominican Republic. These
projects, which represent the Agency’s renewed
focus on its partnership with the Dominican
Republic, will help meet the country’s energy
demands in an environmentally responsible way.
“USTDA is pleased to promote innovative
platforms and state-of-the-art U.S.
technologies that can enable greater use of
renewable energy generation and increase power
reliability in the Dominican Republic,” stated
USTDA Regional Director Nathan Younge, who
witnessed the grant signings by U.S. Ambassador
James Brewster, Jr. and representatives of each
grantee.
Working with Trace International, one of the
key installers of solar photovoltaic (PV)
systems in the Dominican Republic, USTDA is
supporting the development of a third-party
financing model for solar PV systems. The
technical assistance will help Trace
International develop an innovative financing
mechanism that will enable large commercial
customers to acquire solar PV systems for
self-generation. This will unlock a key market
segment that has remained relatively untapped
and further business opportunities for U.S.
companies who have developed solar
technologies.
USTDA also provided a grant to Consorcio
Energético Punta Cana – Macao, S.A. (CEPM) for
a feasibility study and pilot project to assess
the technical and economic feasibility of
deploying modular electric generators in CEPM’s
area of concession. This grant will support
CEPM’s goal of developing a distributed
generation system that is capable of providing
non-interruptible electricity to hospitals,
hotels and other commercial sites. This
project continues USTDA’s cooperation with
CEPM, which last month joined a USTDA-sponsored
technical visit to the United States to meet
with U.S. companies that offer cybersecurity
and access control solutions.
Finally, USTDA is supporting the Coordinating
Organization of the National Interconnected
Electrical System’s (OC-SENI) efforts to
evaluate technologies to improve reliability,
lower service costs, and allow for real-time
monitoring and control of power systems in the
Dominican Republic. OC-SENI has initiated
upgrades to implement supervisory control and
data acquisition (SCADA) in approximately 40
percent of its system, and requires further
technical assistance to proceed with additional
upgrades. This project will also assess the
needs of all of the Dominican Republic’s major
generation, transmission and distribution
providers.
The opportunity to conduct the USTDA-funded
technical assistance with OC-SENI will be
competed through Federal Business Opportunities
(FBO). A link to the FBO announcement will be
posted to USTDA’s website at www.ustda.gov.
Interested U.S. firms should submit proposals
according to the instructions in the FBO
announcement.
This Fact Sheet provides
additional details about each grant.
Welcome to the Exporting Source
Your one-stop resource for finding help to export to new customers, to learn about government export programs, to join export-promoting trade missions, to sign up for trade conferences and training, and to link to other exporting services. Whether you're an old hand at exporting or just getting started, the Exporting Source provides a place to locate foreign customers, export financing and foreign investment assistance.