International Energy Firm Denies Suing The Dominican Government

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Kevin Manning has denied that the International Energy Firm, AES Corporation, has not filed a lawsuit against the Dominican government for alleged breach of a contract in the "energy supply agreement".

Manning is the representative of AES and was referring to local media reports that a lawsuit had in fact been filed by the investment firm TCW which had previously bought AES's shares.

Manning in defence has stated "We have no certification of any lawsuit, it is totally wrong, it is TCW which has the shares of Ede-Este, we have nothing to do with it."

In response the executive vice president of the governments energery conglomerate called CDEE, said that notification of the suit was received by them late last January.  The vice president is called Radhames Segura.

The litigation commenced by international shareholders of the United States based Trust Capital West, TCW, to which AES sold it's shares to in December 2004, and remained only as operator of the Dominican Electricity distributing company Ede-Este.

Read 521 times Last modified on Friday, 09 February 2007 17:09

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