Coastal, CDC buy Dominican project

Coastal Power International Ltd., USA, and London-based Commonwealth Development Corp. (CDC) have purchased the stock of Compañia de Electricidad de Puerto Plata S.A., a Dominican Republic corporation that owns a 66-MW, heavy fuel oil-fired power project in Puerto Plata, Dominican Republic. The project includes a 16-MW land-based unit commissioned in 1991 and a 50-MW barge unit commissioned in May 1994. Power generated is sold under long-term contract to the Dominican national utility.