Month: March 2013

Beyond the CAEI Sugar Cane

Beyond the CAEI Sugar Cane

With pride, José Vilgué shows his certificate of accreditation as an honors student of the Los Llanos Day School. Joining him are his mother Maritza Mercedes Yan and his father Victor Vilgué.

At barely 16yrs, José Vilgué courses junior year of high school in the Los Llanos Day School, and is reason for great pride, not only to his parents but also his teachers and fellow community members in Nuevo Cayacoa, for his merits as a student.

Recently, his parents Victor Vilgué and Maritza Mercedes were invited to a special ceremony in which the educational center recognized José as an Honors student.

The diploma to student merit, which this family exhibits with so much pride, is no casualty. It is the result of years of dedication and commitment. Since José began studying at the age of 4yrs, he has always been very committed to his school duties, as his mother happily reminisces.

José began studying at the Dos Hermanas Primary School, until 4th grade elementary. Then he transferred to Cruce de Cayacoa, where he finishes his elementary education. During the summertime, he coursed seventh grade, which allowed him to advance a year of schooling.

Upon beginning high school, he must transfer Mon-Fri to the San José de los Llanos municipality, some 15 kilometers from Nuevo Cayacoa, which is not an obstacle to keep him from pursuing his interest of attaining proper education.

He is a fan of math, biology, social studies, Spanish literature, and all subjects related to the ars, especially painting. He dreams of becoming an Architect.

Asides his schooling, José takes time to play soccer and basketball, at least twice a week. Even though he loves sports, it is his academic homework that takes priority. Like José, hundreds of children and teens attend the schooling centres in the CAEI sponsored districts, whom aspire to finish high school to then enroll for technical and university studies.

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

BILL CLINTON VISITS WIND PARK

bill-clinton-visits-wind-parkSanto Domingo

Former U.S President Bill Clinton made a courtesy visit to the Los Cocos Wind Park, which extends from Juancho, Pedernales to Enriquillo in Barahona, to get acquainted with the facilities comprised within this energy mainline, first in the country, as well as the social labour done by EGEHAINA in benefit of the neighbouring communities.

The former American ruler was joined by Rolando González-Bunster, president of CEPM, and member of the Administrative Board for EGEHAINA; Tito Sanjurjo, GM for EGEHAINA, and Roberto Herrera, CEO for CEPM, as well as José A. Rodríguez, Development Director at EGEHAINA, and Bari Domínguez, manager of Los Cocos.

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

BILL CLINTON VISITS LOS COCOS WIND PARK

bill-clinton-visits-los-cocos-wind-parkBARAHONA.  Former U.S President Bill Clinton, made a courtesy visit to the Los Cocos Wind Park, which extends from Juancho, Pedernales to Enriquillo in Barahona, to get acquainted with the facilities comprised within this energy mainline, first in the country.

The former American ruler was joined by Rolando González-Bunster, president of CEPM, and member of the Administrative Board for EGEHAINA.

Also, Mónica  González-Bunster; Tito Sanjurjo, GM for EGEHAINA, Roberto Herrera, CEO for CEPM; José A. Rodríguez, Development Director for EGEHAINA, and Bari Dominguez, manager to the Los Cocos Park.

During the tour, the hosts explained to Clinton the function the aerial generators and the setup teams at the Los Cocos backup station to operate and monitor the windmills.

Clinton was impressed by the impressive landscape surrounding the turbojets and the five pertaining to the Quilvio Cabrera Park, property of CEPM, as wella s the technology applied to generate wind-based clean energy.

Likewise, Clinton visited the Los Farolitos kindergarten and nursery, located in Juancho, Pedernales, sponsored by EGEHAINA

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

CAEI Livestock Division Receives Award

CAEI Livestock Division Receives Award

Distinction. Francisco Fernández received the awards.

Santo Domingo. The CAEI Consortium Livestock Division was commended with six awards at the National Livestock and Beef Fair 2013, which was celebrated in the Ciudad Ganadera.

The CAEI Consortium achieved first place in three categories, second place in two classifications, and third place in another segment.

All three first places pertain to the Simbrah Cattle category (18-24mos), Simbrah (18-24mos) and Simbrah youngling (9-12mos).

The second place was awarded to the Simbrah Category (18-24mos) and the Simbrah Category (14-18mos), while third place was awarded to the Simbrah youngling (9-12mos). Dr. Cesar Payán served as Judge to this contest.

The Head of CAEI Livestock, Salvador Fernández, pointed out that these awards constitute recognition to the interest and efforts being made by the agroindustry in order to develop a Grade A beef livestock breed. Fernández also remarked that the exemplary winners are of high genetic codes, which form part of an artificial insemination project developed by the company to produce animals, characterized by the quality of their beef, weight-gain capacity and high fertility.

“This Simbrah livestock we have been developing in recent years, is of high genetic value, which allows us to produce beef abiding by the paramount industry standards”, he expressed. This result is the effort made by a work team aware of the responsibility it involves developing livestock of such category.

Fernández also emphasized excellent and strict feeding and hygiene standards for animal care, as well as genetic selection, womb selection and breeding capacity.

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

VICINI proposes alliance against energy crisis

vicini-proposes-alliance-energy-crisis-2

Executives. Tito Sanjurjo, GM to EGEHAINA; Rafael Vélez, member of the Board; Edgar Pichardo, CEO of EGEHAINA; and Juan B. Vicini, President of VICINI and Grupo de Comunicaciones Listín.

THE BUSINESSMAN CONSIDERS THAT THE POLITICAL CONJUNCTURE IN VENEZUELA, FOLLOWING THE DEATH OF HUGO CHAVEZ, RAISES A SERIES OF QUESTIONS REGARDING HIS FOREIGN POLICY

Santo Domingo

The goal to achieve a short-term solution to the energy crisis in the Dominican Republic is tied directly to the need of continuing the implementation of alternative energy sources versus crude oil derivatives, which also provide the country with the opportunity of mitigating a possible financial setback if Venezuela changes its current cooperation policy.

So confirmed Mr. Juan Vicini Lluberes, managing-partner of VICINI, which manages investments through the Energy & Industry Fund (ENI) in EGEHAINA, and whom emphasizes of the need to establish public-private partnerships to solve the national energy problem.

The businessman pointed out that the SPM Project, of converting the existing plants and incurring in a new gas-operated combined cycle plant, is the fundamental ground for the construction of a second terminal to import natural gas inland.

Vicini also expressed that the U.S is contemplating the possibility of exporting natural gas, with the intent of selling within the next five years greater amounts of fuel than other countries within a similar timeframe, with the exception of Saudi Arabia in two occasions, during the 80s then the 90s. “This conjuncture represents an opportunity for growth worldwide, which has been blocked due to fuel prices”.

Vicini explained that in the D.R., there is already a proposal with the setup 700 MW in SPM to add another 300MW, hence creating an economic system that would sustain an additional terminal to the Andrés mainline, and both, linked via a gas pipeline, would form an infrastructure equal to being connected from a well source.

Vicini expressed that the Dominican Republic has a crucial advantage because of its strategic location and the FTAs underwritten with the U.S and other countries in the region, which make the nation a key point for the establishment of a regional redistribution terminal for natural gas.

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

INVESTMENTS DON’T STOP

investments-dont-stop

The EGEHAINA executives, Edgar Pichardo, Rafael Vélez, and Tito Sanjurjo, while attending the Listín Diario Breakfast

EDGAR PICHARDO, CEO TO EGEHAINA, CONSIDERS THE 1K MW FACILITY WITHIN THE SYSTEM NEEDS TO BE FREE OF DIRECT COSTS TO THE STATE

Santo Domingo

The CEO of EGEHAINA, Edgar Pichardo, states that in the last three years, EGEHAINA has invested around USD$500million in the setup of the 430MW distributed in two wind parks and the power plants Quisqueya I and II, reason why the spot market price should drop between USD$0.02 and 0.03 per year.

The executive expressed that the diversification experienced by the D.R. energy matrix has achieved mitigating in great level the price increase for crude oil in the international markets, however a great dependence still persists on combustible fuels in the national energy park.

Likewise, Pichardo made reference that the death of Venezuelan president Hugo Chávez, puts the D.R in a conundrum with the uncertainty of a possible variation in the bilateral foreign cooperation policy which includes the revision of the PetroCaribe contract, hence expedites the need to continue seeking alternative energy sources.

The EGEHAINA GM, Tito Sanjurjo, expressed that the local energy sector has many challenges ahead, among them to seek increase generation with cheaper combustibles, investing the distribution field and reducing technical and non-technical system losses.

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

EGEHAINA will expand its capacity by 1,000 MW

egehaina-will-expand-its-capacity-by-1000-mw

Generación. El proyecto Quisqueya será el complejo energético más grande del país con 430 megavatios de capacidad instalada.

THE COMPANY HAS INFORMED IT HAS MANY EXPANSION PROJECTS IN AGENDA

Santo Domingo

EGEHAINA, in their support to the strategy established by the State, in all affairs concerning increasing energy generation with power plants that operate on gas-based, carbon and renewable energy sources, informed their plans of expansion with developing 1,000MW of generation, at a cost surpassing USD$1.2 billion.

Edgar Pichardo, president of EGEHAINA, disclosed that “the country requires efficient mainlines, and EGEHAINA features the financial and technical solvency, as well as the proven experience to develop the alliances and mergers needed to develop new energy generation projects that contribute to the efforts announced by President Medina on February 27th, to increase the inland setup capacity, and at the same time, modify the energy generation matrix to reduce crude oil dependence.

According to information disclosed by the EGEHAINA president, there are multiple expansion projects pending to be executed by the company. One of them, already very advanced, at a cost of USD$650million, the Quisqueya Energy Park, located in San Pedro de Macorís, integrated by the Quisqueya I plant, property of Pueblo Viejo Dominicana Corporation (Barrick-PVDC), and Quisqueya II of EGEHAINA. Each of these plants will feature a generation capacity of 215MW, hence totaling 430MW and becoming the largest inland energy generation compound, once it becomes operational this year.

“Quisqueya I and II are endowed with a flexible system since their assembly; it is a combined cycle technology that allows working with natural gas, and also use diesel or bunker C, changing instantly. This way you can purchase fuel at the lowest market price, spending less foreign currency to supply the same amount of energy” ,Pichardo said.

The executive added that the announcement made by President Medina, that the government will conclude negotiations to purchase and supply natural gas at rates that will make setting up this facility and others a viable choice, allowing EGEHAINA make an investment of approximately USD$350million, starting on 2014, an additional gas turbo jet project in San Pedro de Macorís (Quisqueya III) in terrains located closely to the Quisqueya I and II sites.

In addition, the EGEHAINA CEO explained that as part of the commitment assumed by the corporation to continue expanding in renewable energy, they propose building a third wind park, with 50MW capacity in the Barahona province, with an approximate investment of USD$100million.

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