Energy Corporation Signs Contract with American Company to Supply Coal for Punta Catalina Thermoelectric Plant

On Monday, the Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE) signed a service contract with American company Xcoal Energy & Resources, LLC based in Pittsburgh, Pennsylvania to supply 462,000 metric tons of U.S. coal to the Dominican Republic’s Punta Catalina power plant. The American company won the public tender by the Dominican government on October 2.

The contract was signed by CDEE president Ruben Bichara and Xcoal Energy & Resources Senior Vice President Manuel Rocha. U.S. Ambassador Robin S. Bernstein witnessed the signing. and congratulated Xcoal Energy and Dominican Government for this important step forward to providing the Dominican people with reliable and cost-effective electricity.

“Xcoal Energy & Resources is very pleased to have won the competitive tender to supply U.S. coal for this important power project in the Dominican Republic.  We look forward to a long and fruitful relationship delivering U.S. energy to Punta Catalina so the project can help supply the Dominican Republic’s growing power needs,” said Xcoal Senior Vice President Manuel Rocha.

According to Ambassador Bernstein, “Increasing commercial relations between our countries is one of my key priorities.  The United States is and will remain the Dominican Republic’s strongest economic partner. As such, the United States government works closely with the Dominican Government to ensure that public procurement processes, such as the Punta Catalina coal tender, are fair and transparent.  “With fair and transparent tenders, U.S. companies like Xcoal Energy can compete on a level playing field to ensure the Dominican people receive the best value for their tax dollars from reliable world-class companies,” said Ambassador Bernstein.

The American company Xcoal will begin supplying coal for the thermoelectric plants test phase as soon as November this year. Board members of the CDEEE, members of the adjudication committee, Punta Catalina administrator, employees, among others attended the signing ceremony.

U.S. Collaboration in Energy Sector

The U.S. Government is working closely with the Dominican Government, U.S. companies and their Dominican partners to provide a variety of solutions to help meet the country’s energy needs, ranging from fuel supply, such as coal and LNG, to advanced renewable energy technologies and applications.