Basic Energy

completed

Consorcio Energético Punta Cana-Macao S.A. (CEPM) is a small, isolated, off-grid, and vertically-integrated private utility owned by CEPM Energy Ltd. and ENDESA of Spain. CEPM serves resort areas and their surrounding communities in Punta Cana in the eastern shore of the Dominican Republic. The company currently has about 56 MW in installed capacity, all based on diesel-power generation. CEPM also owns 100% of another isolated, off-grid, and vertically-integrated private utility, Compañia de Electricidad de Bayahibe (CEB), which serves resort hotels in Bayahibe and has an installed capacity of 13 MW, all in diesel generation.CEPM is undertaking several projects that will be supported by the IFC investment, including the construction, operation and maintenance of up to an 8.25 MW (5 x 1.65 MW) greenfield wind power plant displacing part of CEPM’s existing diesel generation capacity to save on fuel and operations and maintenance costs; up to a 10 MW diesel capacity expansion of CEPM; a 1.5 MW diesel capacity expansion of CEB; the purchase of existing diesel engines and co-generation supply contracts with six hotels from another provider and the construction of a transmission line; and ongoing network upgrading.