Santo Domingo Dominican Republic. The US Trade and Development Agency (USTDA) will finance a feasibility study, at a cost of US $ 1,209,336, to install a Liquefied Natural Gas terminal and an electricity generator on the north coast of the country, specifically in Monte Cristi .
The cooperation agreement through which said study will be conducted was signed by the Minister of Energy and Mines, Antonio Isa Conde, and the Interim Director of USTDA, Thomas Hardy.
Minister Isa Conde stressed that “competition in the natural gas market is important and that in the North zone we can count on gas terminals and generators that increase the supply of energy and, in parallel, contribute to the improvement of the energy matrix” and pointed out its strategic convenience for security reasons in a country like this, located on the hurricane route.
In his thanks, the official stressed that this study will serve as a basis for future tenders under the Expansion Plan of the Dominican Corporation of State Electric Companies (CDEEE) and recalled that for several years the Dominican Republic has a history and know how about the generation with natural gas and the use of this fuel in industrial activities.
“We believe that US suppliers of LNG-related technologies can help in the Dominican Republic’s efforts to improve and expand its electricity production,” said Thomas Hardy.
After signing, a consulting firm from the United States will be hired to carry out the feasibility study.
This Liquefied Natural Gas terminal seeks to meet the fuel needs of a combined cycle power generation plant, which will also be part of the project, as well as providing a supply of Natural Gas reserves to existing power plants on the south coast of the island.
This feasibility study will review the global Liquefied Natural Gas market and the local electricity market to determine the suitability of the use of this fuel for power generation.
The Contractor will be selected through a bidding process. As part of its responsibilities, the Contractor must estimate the demand for energy and gas for the region, review the suitability of the proposed site, define the design requirements, estimate the capital of the project and operating costs, evaluate the financial viability and define the financing options available.
This Ministry of Energy and Mines release was published using machine translation,