CESPM is located near Santo Domingo, Dominican Republic, operating three 100MW combined-cycle diesel fired plants with low operating hours. CESPM is among the two largest plants in the DR and operates under a 20-year PPA that is backed by a congressionally ratified sovereign guarantee (unique to the Dominican Republic), which itself is backstopped by an InterAmerican Development Bank credit risk guarantee.

CESPM’s key to growth will come upon its conversion to run on natural gas, which is in its final stages of negotiation. Once completed, the conversion will generate millions of dollars of monthly savings to the Dominican state.