Destec picks up interest in Los Mina
Destec Energy Inc., a USA-based independent power producer, has announced the acquisition of a minimum 55 percent ownership interest in a 236-MW power project in the Dominican Republic. Destec acquired its interest in the fuel-oil fired, simple-cycle project from USA-based Turbine Energy Inc. The project, currently under construction, involves repowering the existing Los Mina Generating Station in Santo Domingo. It is scheduled for operation in the second quarter of 1996. The project will supply approximately 236 MW of electricity to the Corporacion Dominicana de Electricidad, the government-owned utility, under a 15-year power purchase agreement.