Companies to Present Energy Bill
A consortium of rural Costa Rican electricity corporations will present their proposal to reform the Energy Law.
Wednesday, July 28, 2010
The head of the consortium of electricity cooperatives (Coneléctricas R.L.), Erick Rojas, indicated that the lack of government collaboration has led them to propose the bill.
The new electricity bill proposes the creation of a wholesale electricity market for private companies.
In El Salvador, power generating companies believe that the proposed reforms would be detrimental to legal certainty and would discourage investment.
The Government has desisted from continuing with the projects for the opening of the electricity market because of a lack of agreement among stakeholders, unions and interested parties.
Businessmen have made presentations to the Members of the Committee on Economy and Agriculture of the Salvadoran Legislative Assembly, about the need for security and stability for their investments.
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