Month: December 2011

SPM Entrance is Lit

EGE HAINA: SPM Entrance is Lit

The monument has become a symbol in the city.

The Christmas joy made its presence in the city of San Pedro de Macorís, with the lighting of the town monument, made by CESPM and EGE HAINA.

Since mid-month, the iconic metal-based sculpture located in the main entryway to the municipality, irradiates hope to all drivers and passersby, thanks to a novelty combined high power LED system, which allows for infinity of colorful combinations.

During the monument lighting ceremony, the mayor of SPM, Ramón Antonio Echavarría, expressed his thanks for the “beautiful lighting of the town monument”.

In his message, Echavarría emphasized on the value of this gift to his town for “it has filled all San Pedro town members with joy, and has completely transformed the night-time appearance of the main town entryway”.

Likewise, he valued this initiative as an example of all the activities they can develop together when the public sector and the municipal governments join forces in favor of the People.

Roberto Herrera, GM for CESPM, pointed out the willingness on behalf of the company to continue helping the People of San Pedro in their progress and growth. “For CESPM, it has been a real pleasure to work alongside the San Pedro Town hall, a community that has embraced us with open arms”, he said.

About EGE Haina:

EGE Haina is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Listin Diario

Former President of Metaldom Passes Away

Former President of Metaldom Passes Away

*Armando Fernández always cared about keeping his family together, and he promoted the values that he was remembered for.

Armando Fernández Hidalgo-Gato, whom served as Chairman of the Complejo Metalúrgico Dominicano S.A (Metaldom), since 1969-1992, when he retired, passed away yesterday in Miami, at 83.

Mr. Fernández was born in Guines, Cuba in 1928. He graduated from Law Studies and practiced at one of Havana’s most prestigious law firms, until 1964 when he migrated to the USA, where he resided in the cities of Atlanta then Chicago.

Further on, his services were requested in the Dominican Republic to work at one the investor companies that later on would found Metaldom. From thereon, his distinguished labor in developing the steel industry in the nation. Mr. Armando arrived to Metaldom in 1967, next to the first company CEO, Mr. Rafael Fernández Monte, serving as advisor, and then chairman of the Board of Directors for the company.

En 1969, he assumes Chair of Metaldom, after the passing on of Fernández Monte. He pioneered in the local industrial development sector, which debut in those years.

Mr. Fernández distinguished himself as a leader within the company, thanks to his humane qualities and his approach towards all company staff, all with whom he maintained a magnificent relationship, and remember him with great like and admiration. Within other renowned labors he developed within the private sector, he served for many years as member of the Board of the Directors of Banco Popular Dominicano.

Prior to arriving in the Dominican Republic, Mr. Fernández had married Ms. Emma Ruíz, with whom he raised two daughters, Emma and Merci, the first one of Cuban origin and the second one born in Miami, USA. Mr. Fernández always took as priority to keep his family close together.

About Metaldom:

Metaldom is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Listin Diario

Ex-president of Metaldom Passes Away

Metaldom’s Ex-president Passes Away

Armando Fernandez

Armando Fernández Hidalgo-Gato, whom was Chairman of Metaldom, from 1969 till 1992, when he retired, passed away yesterday in the city of Miami at 83yrs.

Fernández was born in Guines, Cuba, in 1928. He graduated from Law, practicing in one of the most prestigious law firms in Havana, until in 1964 when he migrated to the USA, residing in the cities of Atlanta in Georgia and in Chicago. Further on, his services were requested in the Dominican Republic, to work in one of the investing companies that years later would be the founder of Metaldom.

From there on, his distinguished labor in the development of the steel company in the nation would begin.

Mr. Fernández arrived to the Dominican Metallurgy Compound in 1957 at the hand of the first company president, Mr. Rafael Fernández Monte, working as company advisor.

About Metaldom:

Metaldom is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: El Caribe

Use of Natural Gas Decreases Costs by 40% in Hotels and Industries

Use of Natural Gas Decreases Costs by 40% in Hotels and IndustriesSD. Since 2003, when AES initiated operations of its natural gas terminal in the country, till present times, about 50 industries, mining companies, electric companies, transport and hotel chains, have been able to reduce their operational costs by 40%.

While it has been projected that the State will save around USD$800M, the prediction for users switching from crude-based derivative combustibles to natural gas, will be within a term of three years.

Likewise, natural gas distributor companies propose the installation of 50 stations, though currently only four exist for supplying purposes for all private and public vehicle owners. The government has also projected that in about an estimated period of 2years, 1,000 vehicles will function with natural gas.

Asides the environmental benefits, natural gas brings along economic benefits for its users, given that its better combustion keeps motor engines cleaner, and is 60% more economic versus gasoline (petrol), 50% more economic than gasoil (diesel fuel), and 30% more economic than LPG (liquefied petroleum gas). Also in the country, it is being projected a change in the energy matrix.

There are currently 300MW of combined cycles and 236MW with open cycle turbines. Seaboard will install an additional 100MW that will use natural gas, and also underway is the construction of a new generator plant in Los Mina, which will contribute with 34MW of natural gas, to the National Interlinked Electric System (Sistema Eléctrico Nacional Interconectado-SENI), with an investment of USD$15M. For 2012, it has been projected for the country’s energy park to be 22% natural gas supplied and 64% petrol-based.

Change

Within the 50 industries, feature Grupo Inca, Rica, Metaldom, Mercasid, among others that have already reported a decrease in their production costs of up to 40% when switching to natural gas.  Metaldom announced the switch in the energy production system it is using in their lamination furnace from fuel oil to natural gas, aiming to reduce the effects of greenhouse gas emissions and improving the air. The process will allow a reduction of almost 30% less Co2 to the atmosphere, with an investment of USD$2M.

In the country, the company that imports natural gas is AES Dominicana, and it features four (4) distributors: Línea Clave, Soluciones en Gas Natural (SGN), Tropigas and Propagas, the latter two distribute to industries, and the first two distribute to vehicles. Natural Gas continues to be the best option, according to experts.

Benefits

The natural gas cubic meter will be sold officially at RD$18.04 per cubic meter, but it is currently priced at RD$20.04. A cubic meter equals 2.36gallons of LPG (GLP). If you compare natural gas to petrol, then you must multiply times 3.38 per gallon, due to gasoline rendering more than LPG, in energy terms. Regarding diesel, 3.45gallons of this combustible would equal a cubic meter of natural gas, thus why it is a good alternative for vehicle users.

About Metaldom:

Metaldom is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Diario Libre

USD$400 Billion Electrical Project is Announced

EGE Haina: USD$400 Billion Electrical Project is Announced

Santo Domingo. EGE HAINA will invest USD$400million in the expansion of their energy generation capacity from 600 to 900 megawatts, which will reflect under a 50% operational growth. The information was made public by Edgar Pichardo, president of EGE HAINA, amid a press conference in which they presented the company expansion plans for the next 20-month term.

Pichardo said that with the expansion projects they are developing, EGE HAINA will feature a generation capacity that will represent 25% of the energy supplied to the National Interlinked Electric System (SENI), strengthening their leader position as the biggest energy generation company in the Dominican Republic.

Within the plans announced by the EGE HAINA president, feature the construction of the Quisqueya 2 plant, within the municipality of the same name, located just five kilometers away from San Pedro de Macorís, which will require an investment of USD$300 million.

There is also the construction for phase 2 of the Los Cocos Wind Park, in Juancho, Pedernales, for an amount of USD$100 million, which will allow the expansion of the EGE HAINA capacity, coming from wind-based energy from 25 to 77MW of energy.

The EGE HAINA president remarked the alliance between Pueblo Viejo Dominicana Corporation (PVDC) y EGE HAINA, which will result in the largest inland energy park, with a 430MW capacity: 215 coming from the Quisqueya 1 Plant, by PVDC, and 215 from Quisqueya 2, by EGE HAINA.

During the press conference, the GM for EGE HAINA, Tito Sanjurjo, explained the characteristics of the Quisqueya 2 plant, which will operate featuring the latest cutting edge technology, and most efficient market wide.

“Quisqueya 2 will feature a generation capacity for 215MW. It will operate with a composition of 12 engines, all of them dual-fuel fit, adapted to a steam turbo jet, thus constituting a combined cycle technology, an unprecedented factor in the country”, said Sanjurjo.

About EGE Haina:

EGE Haina is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Listin Diario

EGE Haina Will Build Biggest Inland Energy Park

EGE Haina Will Build Biggest Inland Energy Park

Tito Sanjurjo, Edgar Pichardo and Celso Marranzini.

SD. EGE Haina will expand its energy generation capacity from 600 to 900MW, thus increasing its operational capacity by 50%, featuring a USD$400million investment.

The announcement was made by Edgar Pichardo, CEO of  EGE HAINA, whom informed the construction will take place in San Pedro de Macorís, in alliance with Pueblo Viejo Dominicana Corporation, the largest energy park in the country, whose construction will conclude in 14months and will feature a capacity of 430MW.

Pichardo exposed that from those 430MW, 215 will come from Quisqueya I, from Pueblo Viejo Dominicana Corporation, and the other 215 MW from an investment of USD$300million.

Pichardo informed that with Quisqueya 2, and the second phase of Los Cocos, 100 new jobs will be created in 2012, and 73 in 2013, to reach a total of 556 job positions in EGEHAINA.

Meanwhile the EGE-HAINA GM, Tito Sanjurjo, explained that Quisqueya 2 will feature a generation capacity of 215MW. It will operate featuring a 12-engine dual-fuel (fuel oil and natural gas) adjusted to a steam jet, which constitutes a merged cycle technology, unprecedented in the country”, Sanjurjo said.

He said that the fact that the plant is dual-fueled, allows access to lower market fuel prices for when supply needs arise, which will translate to benefits to the country when less monies need to be spent in order to supply the same amount of energy. Sanjurjo also indicated that the project will compensate the generation deficit foreseen to exist in the system by 2013.

Sanjurjo expressed that Q     uisqueya I will be ready by ends of 2012, and Quisqueya II will be ready by beginnings of 2013, in record time, and they trust that Wartsila will complete it ahead of time. Sanjurjo added that energy will be injected in the northern region. Also that works are already in process to build the transmission line that will channel the energy to the Cibao zone.

At the press conference, were present Celso Marranzini, Exec. VP of CDEEE, and Eduardo Selman, Secretary of the EGE-HAINA Administrative Board. EGE-HAINA features thermoelectric mainlines in San Pedro de Macorís, Haina, Barahona, Pedernales, and Puerto Plata, asides the Los Cocos Wind Park.

About EGE Haina:

EGE Haina is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Diario Libre

EGE HAINA Will Invest USD$400 Million in Energy Generation

 EGE HAINA Will Invest USD$400 Million in Energy GenerationSANTO DOMINGO. EGE HAINA will expand their energy generation capacity from 600 to 900MW, for an operational growth increase of 50%, featuring an investment of USD$400million. The announcement was made by Edgar Pichardo, CEO of EGE HAINA, during a press conference amid which he presented the company expansion plans for the next 20-month term.

Throughout the projects it develops, EGE HAINA will host a setup capacity that will represent 25% of the National Interlinked Electric System (SENI), thus strengthening its leader position as the biggest energy generation company of the Dominican Republic.

Within the announced plans made by the EGE HAINA CEO, also features the construction of the Quisqueya 2 Plant, located in the township of the same name, five kilometers from San Pedro de Macorís, which will require an investment of USD$300million.

Likewise, the construction of second phase for the Los Cocos Wind Park, in Juancho, Pedernales, for an additional  USD$100million, which will expand the EGE HAINA wind-based energy capacity from 25 to 77MW.

About EGE Haina:

EGE Haina is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Diario Libre

 

EGE Haina Will Install Two Power Plants

EGE Haina Will Install Two Power PlantsEGE Haina announced formally the commencement of the construction of a new energy generation park composed of two units with a joint setup capacity of 430 megawatts, with an investment estimated at USD$300 million.

EGE Haina announced that this new park, will work using a dual fueling system that will allow operational capacity using fuel oil as well as natural gas.

The park will be formed by a unit known as Quisqueya I, of 215 MW capacity, which will be property of Pueblo Viejo Dominicana Mining Corporation. The other unit, will also feature a 215MW capacity coming from Quisqueya 2, of EGE-HAINA. The construction and management of these plants will be developed within the framework of an alliance between EGE-HAINA and the mining company and will be included in the national electric system within a timeframe of 20months starting now.

This information was broadcast by EGE-HAINA executives, in a press conference headed by the president of the aforementioned, Edgar Pichardo, and their GM, Tito Sanjurjo, featuring the presence of the Executive Vice president of the CDEEE, Celso Marranzini.

At the same time, EGE Haina executives announced the construction of the second phase of the Los Cocos Wind Park, in Juancho, Pedernales, with an investment of USD$100 million.

Why dual? Sanjurjo said when responding questions, that the idea is for this park to be able to use two types of fossil fuels, is due to the hesitance existing in regards to what will happen to natural gas prices in the future. And that is why this decision was made to not depend on a sole option in this respect.

Sanjurjo pointed out that, the fuel oil and natural gas prices are similar right now within the international market, fluctuating around USD$15.00 per million BTUs. Likewise, Marranzini considered that this tendency towards pricing increase in the international market represents a challenge for the country, and we need to face it by taking positive steps regarding investments in generation matter.

He quoted as example the EGE Haina initiative of developing a dual-fuel operating energy park.

About EGE Haina:

EGE Haina is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Hoy

EGE Haina Will Produce 500 Megawatts

EGE Haina Will Produce 500 Megawatts

EGE Haina remains at the forefront of investments in electricity.

SD. The national electric system, EGE Haina, will have, beginning in 2013, and additional 500 megawatts of which 250 will be going to the gold mine in Pueblo Viejo, Cotui, known as Barrick Gold.

The other 250 megawatts will become part of the National Interconnected electricity System (SENI).

The 250 megawatts will reach the Barrick Gold mining company over an electricity highway that will be built in 14 months, and which will stretch from San Pedro de Macoris to the province of Sanchez Ramirez. The announcement will be made today by the president of the Ege-Haina company, Edgar Pichardo, during a press conference where more details regarding the amount of the investment and the type of power plant that will be built as well as the plans of the company for expansion in the local market.

EGE Haina is one of the two generating companies that were formed during the process of capitalizing of the old Dominican Electricity Corporation (CDE). The company’s shareholders are made up of 50% by the Haina Investment Company Ltd (HIC), a consortium of international investors, and the remaining 50% belongs to the CDE and individual investors.

About EGE Haina:

EGE Haina is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Diario Libre

Sugar Consortium Delivers Home for Elderly to Church

Sugar Consortium Delivers Home for Elderly to Church - CAEI

The work. The premises were inaugurated yesterday during an activity headed by the GM for CAEI, Rafael Vélez, and the Bishop for San Pedro de Macorís, Monsignor Francisco Ozoria.

A modern home for the elderly, with capacity for 30 residents, built and equipped according to the established standards for this type of centre, was built and delivered yesterday to the Catholic Church, by the Consorcio Azucarero de Empresas Industriales (CAEI), in benefit of the community of San José de los Llanos.

The centre, which currently hosts nine elders, features 30 begs, bathrooms with safety bars, ceiling fans, laundry area, stove, refrigerators, wheelchairs, in-house pharmacy, television, showers with hot and cold water, water tank, electric generator, an inverter and special medical care unit.

The facilities, built and equipped with an investment of RD$12m, were inaugurated yesterday during an activity headed by the GM for CAEI, Mr. Rafael Vélez, and the Bishop for the Diocese of San Pedro de Macorís, Monsignor Francisco Ozoria. It features the attendance of other consortium executives, civil and municipal authorities, as well as community representatives.

The Santa Catalina Labouré Home for Elders, managed by the Parrish of San José de los Llanos, worked before within a small household where it lacked space and facilities to host the elderly whom required this service, which led to the construction of these new facilities by CAEI, the centre features a construction area of 600sq. mts. within a land extension of 1,600 square meters.

When pronouncing the main speech at the inaugural act and formal delivery of the centre, Vélez said that this sugar consortium is very thrilled to deliver a work of such significance, given that it is all about offering quality medical care with dignity and respect to those who need it,

Design

Vélez said this space has been conceived and designed including all necessary facilities to attend on the zone elders with the best possible conditions.

“This home is equipped featuring 30 hospital beds, spacious bathrooms with safety bars, a medical apothecary, medication dispenser, kitchen area, dining area and laundry centre, focused on the needs of the aging populations being attended on with the best alimentary standards, as well as hygiene and safety”, he said.

Inauguration

The executive exhorted to take care of the premises, and pointed out, that it is a duty of each generation to pave the way for the coming generations and take care of the passing one. The inaugural ribbon was cut by the aging Hipólito Yan, whom lives at the Elders Home, accompanied by Monsignor Ozoria and Mr. Vélez.

The blessing was invoked by Monsignor Ozoria, whom reminded that this home began many years ago within a small church house, and where the lack of space, forced them to keep the elders lodging even in the garage.

Notwithstanding, he said that with the arrival of Father Victor Rodríguez to the community, the quest for improving those conditions began, which counted on the moral and material support of the CAEI consortium and the VICINI family, whom they thanked for their contributions to the community. On behalf of the community, the work was thanked by the mayor of San José de los Llanos, Robert Tavárez.

PRIEST GIVES THANKS FOR THE CONTRIBUTIONS

Father Andrés Hernández, pastor of the San José de los Llanos Parrish, and who is in charge of the Elders Home, thanked the contribution made by the VICINI family for delivering this home, and exhorted other businessmen and community members to contribute with food, medication and other basic needs required by the aging residents. Also, he deplored the conditions of deterioration currently affecting the access roadway to San José de los Llanos, which has been undergoing reconstruction since years ago, and whose works are paralyzed. The deteriorated freeway complicates the access to reach the community.

He said that now the facilities exist, but food and medication is needed. He explained that they don’t receive a state subsidy, but they have foreseen formally applying to the Ministry of Public Health, and the Program of Essential Medication (Promese) for the delivery of medication, one of the main needs among the elders.

Also, the contribution on behalf of community representatives in food matters, medication and other necessary aid.

About CAEI:

CAEI is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Listin Diario