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Arab Emirates confirm natural gas plant for Dominican NW

I’m not sure yet what the impact will be of this natural gas plant in the northwest of the Dominican Republic, but I read another article stating the the plant would provide cheaper and more efficient power.  What I read was the cost would be up to three times cheaper.  Though there have been some nay sayers, it does sound like good news to me.  What do you think?  Do you see any possible downside?    

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Arab Emirates confirm natural gas plant for Dominican NW

Article provided by Dominican Today, October 6, 2009

Santo Domingo.- President Leonel Fernandez met for more than one hour yesterday with United Arab Emirates Foreign Relations minister, to confirm the start of construction, in the next few days of a modern 600 megawatt natural gas plant in Manzanillo, Montecristi (northwest), at a cost of US$800 million.

The presence of Sheikh Abdallah Binzayid Al Nahyan and the official delegation stems from Fernandez’s visit to Qatar and the United Arab Emirates eight months ago, when he held various meetings.

After the meeting Al Nahyan held a press conference accompanied by his Dominican par Carlos Morales, and firmed the establishment closer relations. The Arab official said his country will also install an embassy in the country, which will serve all of Latin America.

Al Nahyan said he felt impressed with the country’s beauty and with Dominicans and also with its relation with the company that manages the Caucedo Multimodal Port, adding that his nation may also invest in the country’s energy, financial and tourism areas.

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