World Bank will support the DR in promoting the energy transition

This Ministry of Energy and Mines release was published using machine translation.

The Minister of Energy and Mines (MEM), Antonio Almonte, reported that the World Bank (WB) will support the Dominican Republic in different initiatives to promote the national energy transition, during the framework of the “Energy Transition Acceleration Initiative” event. (ETA)", held in Washington DC, United States.

World Bank energy officials said they will also support the country in creating technical capacities and regulatory mechanisms to develop renewable energy, distributed generation (use of solar panels in homes and small businesses, etc.) and energy systems. medium and large scale storage.

When detailing the scope of the collaboration, after holding a working meeting with WB officials, Minister Almonte indicated that technical assistance was agreed upon by that organization in relation to the preparation and cooperation of the tenders that will be made for the PPA (power purchase agreement) contracts in renewables, as well as the preparation of the terms for tenders for large-scale energy storage batteries, which will be used in the national electricity system.

The head of the MEM asserted that this interesting meeting with World Bank officials will accelerate the steps for the Dominican Republic to continue diversifying its energy matrix with a significant participation of renewable energies, thus joining the objectives of achieving carbon neutrality in 2050, under of the Paris climate agreement.

The WB delegation was led by Gabriela Elizondo, practice manager of the Energy sector for Latin America and the Caribbean of the World Bank, and David Villar Ferrenbach, Energy specialist; while, in addition to Minister Almonte, the Dominican delegation was made up of Miguel Díaz, Vice Minister of Mines, and Chadia Abreu, advisor on Energy Regulation and Clean Technologies of the MEM.