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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.

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  CEI-RD Training Center Opened
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  Dominican Republic Renewable Energy Law 57-07 Enters into Force
  Supreme Court increases real estate property jurisdiction service fees
  Dominican Customs Department Removes 10% CIF tax
  Antitrust and Competitiveness Bill Signed into Law
  Updated Dominican Free Trade Zone Investment Figures
  Renewable Energy Investments Waiting for Enactment of Regulations
  Dell Ordered to Pay US$3.6 Million for Breach of Contract
  European Union-Caribbean Economic Partnership Agreement reached
  Dominican Visa Requirements Waived for Citizens of Several Countries
  Fast Track residency/investment Incentive Bill Approved by Congress
  Senate Passes First Dominican Hacking Bill
  Fernández Signs Renewable Energy Bill into Law
  Free Trade Agreement with the US
  New Tax Reform Bill
  New Personal Income Tax Rates
  Chamber of Deputies approve Credit Bureau Bill
  New Land Registry Law
  New Immigration Law