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Renewable Energy Investments Waiting for Enactment of Regulations  

The Office of the Legal Counsel to the President is yet to enact the executive regulation needed for the application of Renewable Energy Law No. 57-07, which provides tax and duties incentives on alternative energy imports and facilities for research and application of renewable energy technologies in the Dominican Republic. The local press reports that several renewable energy projects have been put on hold until the approval of the regulation. These include: Globasol, biodiesel production (18 million gallons); Masada Resource Group, solid organic waste biofuel: STC Engineering, solid waste power generation; Burbank Recycling, solid waste recycling plants; Fluitecnik, solar energy production and wind farms in Bani, Oviedo and Montecristi which could produce up to 190MW of energy.