Our subsidiary, San Felipe, owns a land-locked barge mounted with a 180 MW net nominal power combined cycle generating plant consisting of a 75 MW GE 7EA combustion turbine generator burning diesel fuel with a GE heat recovery steam generator and a land-based boiler (burning bunker fuel) both feeding steam to a 110 MW steam turbine generator. The plant is located on the Dominican Republic's north coast in the city of Puerto Plata.
The Corporación Dominicana de Empresas Eléctricas Estatales, or CDEEE, is the only customer of San Felipe under the terms of a 19-year power purchase agreement for the sale of 170 MW of capacity and energy that commenced in January 1996 and will terminate in January 2015. The PPA provides for an escalation formula for the fuel component of the energy generated.
The Dominican Republic passed its environmental legislation on August 18, 2000, several years after the plant had completed its commissioning pursuant to the World Bank's standards and regulations. San Felipe has initiated the process of obtaining its environmental permit from the Secretary of the Environment and Natural Resources (Secretaría de Medio Ambiente y Recursos Naturales).
Contact San Felipe:
San Felipe 1100 Winston Churchill Av., Seguros Universal building suite 401. Santo Domingo / Dominican Republic 809-563-8182
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