Current industry challenges in the Dominican Republic

The energy sector in the Dominican Republic has important opportunities. The government of President Abinader has indicated that it will try to launch tenders, both for conventional energy and renewable energy.

Likewise, it has indicated the decision to support the promotion of renewable energy, renewing the incentives currently provided. The country has an enviable geographical position for the development of projects based on wind or solar energy.

Our Experience

JP advises energy project developers, local and multilateral lenders. We support our clients in all aspects of the industry, including regulatory, contractual, real estate, among others. We are the only firm in the country with experience in all aspects of traditional and renewable energy projects, having worked with the regulator, the State, and distribution companies.

JP has a strong relationship with energy regulators which puts us in a unique position to navigate the rapidly developing renewable energy sector.

Our clients recognize us for the management of the local due diligence process, the structuring of acquisition and financing, considering regulatory, corporate, technical, and fiscal aspects.

Relevant Cases

  • Representation of the International Finance Corporation (IFC) in a project finance consisting in a US$80 million secured syndicated loan provided to Parques Eólicos del Caribe, S.A. (PECASA), sponsored by Akuo Energy, for the construction, operation and maintenance of a 50 MW wind farm in the town of Guanillo, Montecristi, Dominican Republic.
  • Representation of Taiwanese group General Energy Solutions in the acquisition of the photovoltaic power plant “Monte Plata Solar” of 30MW (Phase I) and 30 MW (Phase II), including the renegotiation of the concession agreement and PPA.
  • Representation of Electronic JRC (JRC) in a project finance consisting of a US$28 million secured loan provided to JRC, sponsored by General Energy Solutions, by a group of lenders led by FMO and DEG, for the return of equity investment of the Monte Plata Solar Phase I Project (30MW).
  • Representation of ISquared Capital US Advisors in the indirect acquisition of Compañía de Electricidad de Puerto Plata, S. A. (CEPP) and IC Power DR Operations, S.A.S. (ICPDR), both part of the Inkia Energy Group. CEPP operates two diesel heavy fuel oil power plants in Puerto Plata, Dominican Republic, with a combined generation power of 67,000 KW, while ICPDR owns the Agua Clara Project, a 50 MW wind farm to be developed within the provinces of Puerto Plata, Montecristi, and Valverde, Dominican Republic.