The government is serious about selling shares of Punta Catalina power plants

DOMINICAN REPUBLIC - In Brief 08 Jan 2019 by Pavel Isa

Yesterday, the Ministry of Finance informed that it has selected Guggenheim Securities to advise the government in the design of a potential tender for the sale of the shares of the Punta Catalina Thermoelectric Power Plant. The announcement shows that the intentions of the government are serious. In the note released, the Ministry indicated that the design of the bidding process includes the preparation of a strategy for the sale to a high-level partner, the design of the bidding mechanism, analysis of potential purchase offers, advice for the negotiation of corporate and financial aspects, and recommendations on the corporate governance of the thermoelectric plant. The government intends to "transparently obtain a strategic partner of recognized international trajectory" that participates in the Dominican electricity market, managing the company under the best global practices.

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