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Tradewatch
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The Official E-Newsletter of the Caribbean Export Development Agency • Vol.9 No. 3, 2015
Official E-Newsletter of the Caribbean Export Development Agency
VOL. 9 NO. 3 2015
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High quality, high standards and a high level of
commitment to the environment are what made EGE Haina
a power to be reckoned with at the Regional Investor of the
Year Awards (RIYA) 2014.
Empresa Generadora de Electricidad (EGE) Haina is the largest
generator of electricity in the Dominican Republic. They operate eight
power plants spread across Haina, San Pedro de Macoris, Barahona,
Pedernales and Puerto Plata, with a private plant also in San Pedro de
Macoris. The company has been providing power to its people for 15
years and altogether these plants provide more than 1,100 Megawatts
to the country.
But it’s not simply their size that makes them unique. EGE
Haina focuses its values on operational excellence, maintaining a
high standard of quality for their work and their product. They also
recognize their obligation to preserve both the natural environment
and the social environment of the communities they reach.
Because of these commitments, EGE Haina was recently awarded
Local Investor of the Year 2014 at the esteemed RIYA showcase hosted
by the Caribbean Export Development Agency (Caribbean Export) and
the Caribbean Association of Investment Promotion Agencies (CAIPA).
Having just completed its second annual awards ceremony, the RIYA
recognizes the significance of investments from pan-Caribbean
foreign and local organizations.
EGE Haina pursues the biggest investment in energy in the
Dominican Republic, having allocated US $700million to technological
innovation. They are highly diverse in their methods, exploring ways to
EGE Haina, Serving People and Preserving the
Environment in the Dominican Republic
EXPORT DEVELOPM,ENT
Enhamcing Trade between Hait and the DR
CARIBBEAN EXPORTERS OF THE YEAR
A Solution for Every Vision
EXPORT DEVELOPMENT
Attracting Investment to Enhance Trade
EXPORT SUCCESS
Transforming Carnival into a Sustainable Business
UPCOMING EVENTS
Caribbean Export Mission Calendar
In this Issue
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extract energy from fuel oil, coal, natural gas and wind, and they always place a
high standard on their product. EGE Haina has already been pushing renewables
and environmentally efficient procedures for 5 years, and they’re the thrusting
force behind the Los Cocos wind farm.
Los Cocos is an impressive framework of 40 Vespa V80 wind turbine
generators that use the renewable and clean energy of the wind to manufacture
77 Megawatts of power, or 200,000 Megawatt hours annually. By investing in the
Los Cocos wind farm, the first of its kind to the Dominican Republic, EGE Haina has
managed to reduce national CO2 emissions by 160,000 tons per year.
Establishing a complex network such as Los Cocos took approximately US
$180 million dollars plus immeasurable man hours, but the positive benefit of
major national CO2 displacement is already being measured.
Los Cocos also brings electricity to the southern Dominican region, which is
one of the poorest areas of the country. The neighbours and residents benefit
from more than just an improved power system however, EGE Haina empowers
the surrounding communities with social investment in their most important
resource: the people.