InterEnergy holds a diverse investment portfolio consisting of two vertically integrated utility, 12 power generation companies, one technology and one electric mobility businesses spread across nine countries.
CEPM is a standalone electric utility, generating, transmitting, and distributing electricity in the eastern part of the Dominican Republic. It is the country’s highest credit-rated local electric company (AAA by Fitch). CEPM operates under a long-term definitive concession agreement with the National Energy Commission.
It serves the rapidly growing hotel and resort areas of Punta Cana, Bávaro, Macao, Uvero Alto and Miches in the East; the Senator (formerly RIU) hotel complex in Puerto Plata in the north; the Bahia Principe hotel in Samaná in the north-east; and Bayahíbe and La Romana in the South-East of the island with an available installed capacity of 315 MW. It supplies energy solutions and reliable complementary services, promoting sustainable development in the areas of influence.
CEPM was originally established by Rolando Gonzalez Bunster and his partners in 1992 to provide 2MW of power to the Fiesta Hotel in Bávaro. In 2011, CEPM developed and commissioned Quilvio Cabrera (8.25MW), the Dominican Republic’s first wind farm.
CEPM understand the importance of electricity in the development process of cities and towns, which is why CEPM works 24 hours a day to supply a first-class electricity service. Through 1,800 kilometers of high, medium, and low voltage transmission lines, the company provides energy to 65% of the national tourism sector – over 55,000 rooms – and to more than 55,000 residential and business customers. During the last two decades it has become the main promoter of growth and development in the region.
In 2022, CEPM begun to take the necessary steps to transform its overall generation to 100% renewable energy during this decade with its CEPM Zero program. Through the use of renewable energies such as wind and solar energy, storage systems such as batteries and reservoirs, as well as the use of green hydrogen it is intended to reach 20% penetration of renewable energies in the CEPM matrix by the end of 2023, 60% by the end of 2026, and reach 100% by the end of the decade. This program will contribute to turning its concession area into a world-class 100% green destination.
One of the first steps taken in this regard has been the expansion of the FV3 and FV4 photovoltaic parks, with a nominal power base of 100 MW, both located in Bávaro.
CEPM’s core hotel customers are a captive client base and have enabled it to successfully roll out a range of ancillary services:
Transmission: CEPM built the island’s first privately-owned transmission line in 2008, which connects CEPM to the Sultana del Este power barge in San Pedro de Macorís (125km). An Optical Ground Wire (OPGW) of 48 fibers was built into the transmission infrastructure which allows CEPM to supply telecommunication services.
District Energy Services: Waste heat is recovered from CEPM’s engine exhaust gases and used to produce superheated hot water that is distributed via a closed-loop circuit pipeline to nearby hotels. This is then passed through absorption chillers and is transformed into chilled and hot water supply for the hotels.
Thermal Energy Services: CEPM offers customers an efficient supply of sanitary hot water, steam, thermal oil and chilled water. Its portfolio of services includes the evaluation, design, implementation, operation and maintenance of thermal energy generation stations at the customer’s location.
Cable TV, Internet and fixed Telephony Services: CEPM owns 80% of Servicios TV Satelite, S.R.L. (“MCR”), a telecoms company in Bávaro that supplies pay TV, internet and fix telephony through its fiber network and telecoms license under the Activa brand. MCR leverages CEPM’s existing infrastructure to offer its digital services to hotels and residential customers in the area.
Prepaid service and smart metering: CEPM is the only electricity distribution company where 100% of its customers are managed through remote metering allowing it customers to see in real-time its energy consumption and migrate from pre-paid to pos-paid contracts easily.
Electric mobility: CEPM promotes electric mobility in the country as part of its commitment to sustainable and environmentally friendly processes, and as an effective way to fight climate change. We promote and lead the transition towards sustainable mobility and promote the electrification of the transportation sector.
Our goal is for our fleet to be 100% electricity-based by 2023.
Evergo is the most advanced and sophisticated platform for electric vehicle charging stations in the Latin-American Region. Evergo’s mission is to create a network that allows you to get where you want, in a sustainable and reliable way, moving towards a more responsible future for the environment.
We have 700+ charging stations so far — the most advanced of their kind — so that in a short time our customers can charge their vehicles and be on their way, considerably improving the experience. Our customers can travel long distances without worries, because Evergo has a charging station just a few minutes away in cities and on the main roads of the country. Evergo knows that convenient access and ease of use are essential when considering an electric vehicle. That’s why Evergo has partnered with some of the world’s leading companies to have an EV charging station near you.
Evergo is the first and only company in the Latin-American region to be certified under the OCA (Open Charge Alliance), which allows us to develop our own applications based on this industry-standard protocol. Evergo began operations in the Dominican Republic, then in Panama, and we are continuing our expansion throughout the Caribbean and Latin America. We are promoting the first global interconnection of electric mobility networks, first with the United States, so that any Evergo client can use any of the OCA certified third-party networks, affiliated with our platform. This means our Evergo customers will be able to use the application they know and love at the tens of thousands of charging stations worldwide.
Our goal is to have 5,000 public charging stations in our network by the end of 2024 in México, Dominican Republic, Panama, Jamaica, Uruguay, Paraguay, Puerto Rico and other countries, 30% of which will be DC Level 3 Fast Chargers.
Compañía de Electricidad de San Pedro de Macorís (“ENERGAS”) is located near Santo Domingo, the capital of the Dominican Republic. It is one of the three largest power plants on the island. It operates three 100MW combined-cycle dual natural gas plants that supply electricity to the national grid.
ENERGAS is among the three largest plants in the DR and operates until 2022 under a 20-year PPA that is backed by a congressionally ratified sovereign guarantee (unique to the Dominican Republic), which itself was backstopped by an InterAmerican Development Bank credit risk guarantee. The Company signed in late 2018 a 10-year extension of the PPA with the Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE in Spanish), as part of the project to convert the plant to natural gas.
ENERGAS is committed to the present and the future of the country and in contributing to achieving the Sustainable Development Goals. That is why it has transformed its infrastructure, improve its technology to provide modern, more economical and sustainable energy services.
This conversion effort from diesel to natural gas will save the country $ 1 billion dollars over the next 10 years and will help reduce carbon dioxide emissions by 460,000 metric tons annually and more than 1,050 tons of greenhouse gases. This is good news for all Dominicans, for the country and for the world.
The Matafongo onshore wind farm, located in the southwest of the Dominican Republic, has an installed capacity of 34MW expandable to 50MW. It generates approximately 104 GWh every year.
The carbon emission reduction from the project is estimated on an average of 30,000 tons of CO2 every year, according to the energy framework of the Dominican Republic, which comes from the calculation of the total emission of fossil fuels and biofuels.
The Generadora Gatun plant of Group Energy Gas Panama, owned by InterEnergy Group (51%) and AES Panama (49%), is an electricity generation project located on Isla Telfers, province of Colón, which will use natural gas as a fuel source and will have an installed generation capacity of 670 MW. The plant will be made up of two gas turbines and one steam turbine, as well as all the auxiliary systems.
The realization of this project represents a direct investment of one billion dollars, which will promote the economic and social reactivation of Panama and especially of the Colon province. In its construction phase, this project will generate more than 3,000 direct and indirect jobs, promoting recovery and inclusive development.
In 2017, InterEnergy agreed to acquire a portfolio of 12 solar PV projects with an installed nominal capacity of 45MW from one of Latin America’s largest renewable energy plant developers. Between early 2018 and early 2019, InterEnergy closed the transfer of all 12 projects.
All of these projects fall under the 9MW level and benefit from Chile’s PMGD regime which grants beneficial connection arrangements to the distribution system and the option to choose different energy price mechanisms. The main advantage of PMGD projects is that they have priority of dispatch to the network over non-PMGD generators.
InterEnergy Systems was formally established by InterEnergy in 2018 and offers: 1) energy-efficient thermal platforms that supply chilled water, hot sanitary water, steam and thermal oil to InterEnergy’s existing hotel customers; 2) a commercial software smart suite that consists of a series of controlled applications for public service industries with the capacity to operate intelligent networks of water, gas and energy; and 3) electric mobility charging stations.
Energy-efficient thermal solutions:
InterEnergy Systems provides energy-efficient thermal platforms that supply chilled water, hot sanitary water, steam and thermal oil, as well as operating and providing maintenance to the systems. We have a highly qualified, certified work team focused on providing world-class services.
Today we have over 20 thermal platforms with major hotel chains in the Dominican Republic and are expanding all over Latin America.
Commercial software smart suite:
Platform developed in-house by InterEnergy Systems Dominicana (IESD) that consists of a series of controlled applications for public service industries with the capacity to operate intelligent networks of water, gas and energy. The systems is composed of the following different modules: virtual office, app, USSD, ATM, mobile operations, reports, MDM, Whatsapp Bot, automatic cash desk, E mobility solutions and energy balance. It has a configurable dashboard that lets the client manage the suite based on their priorities.
E mobility charging stations:
Evergo is the most advanced and sophisticated platform for electric vehicle charging stations in Latin-American region. Evergo’s mission is to create a network that allows you to get where you want, in a sustainable and reliable way, moving towards a more responsible future for the environment.
Evergo’s charging units are the most advanced of their kind, so that in a short time our customers can charge the battery and be on their way, considerably improving the experience.
InterEnergy Systems is the first and only company in the Latin-American to be certified under OCA (Open Charge Alliance) which allows us to develop our own applications based on this industry-standard protocol.
Our goal is to have 1,000 charging stations in our network by the end of 2021 in the Dominican Republic and Panama, 30% of which will be DC Level 3 Fast Chargers.
In 2021, Interenergy agreed to acquire a portfolio of three trusts, each owning 10 MW of wind power projects in Uruguay. The wind farms, named María Luz, Villa Rodríguez, and Rosario, have an integrated operational capacity of 30MW whose sales are entirely secured by take or pay long-term power purchase agreements with UTE through 2039.
Jamaica Energy Partners (JEP) is the largest Independent Power Provider (IPP) in Jamaica. JEP commenced operations through the ownership of the Doctor Bird Power Station (DBPS) in 1995. Located in Old Harbour Bay, the DBPS comprises Doctor Bird I and Doctor Bird II, with outputs of 74.2 MW and 50.2 MW respectively; or a combined output of 124.4 MW.
JEP’s affiliate company, West Kingston Power Partners (WKPP), is a land-based, 65.5 MW Heavy Fuel Oil (HFO) power plant located in the Western Kingston area. Jamaica Energy Partners now manages Jamaica Private Power Company (JPPC), a 60MW power plant located in Rockfort, Kingston.
Over the past 25 years, Jamaica Energy Partners has maintained an impeccable track record of delivering affordable energy to Jamaica, ethically and responsibly. The JEP Group is renowned for its far-reaching social impact and sustainability efforts in Old Harbour Bay, Western and Eastern Kingston through robust Corporate Social Responsibility (CSR) interventions.
InterEnergy’s Panama City-based subsidiary, UEP Penonomé II, S.A., built and operates the 215MW Laudato Sí wind farm in Penonomé, Coclé province. Laudato Sí is the largest wind farm in Central America with 215MW in total installed capacity.
It features 86 Goldwind G109 2.5MW wind turbine generators with a hub height of 90 metres. This turbine is a three-bladed, permanent magnet direct-drive, upwind, horizontal-axis, pitch-regulated, variable-speed machine. The wind farm was completed in early 2016 and is currently selling energy generated under long-term PPAs and into the spot market.
The Laudato Sí wind farm brings reliable and clean energy to the region, eliminating over 400,000 tons of CO2 emissions and saving 900,000 barrels of oil per year. The low cost of electricity production means that the wind farm’s output is positioned early in the supply stack, even ahead of hydro assets. Wind and hydro production are generally complementary, with high wind power generation tending to occur during the low hydro season.
Raki is comprised of two co-located wind farms in the Bío Bío region near Concepción, Chile. They have a combined
total installed capacity of 15MW (9MW and 6MW, respectively). The wind technology consists of five 3MW Vestas V112 turbines.
The projects operate under a single 10-year PPA. Raki takes advantage of the Small Distributed Generation (“PMGD”) regime in Chile which grants beneficial connection arrangements to the distribution system and the option to choose different energy price mechanisms.
The 40MW Tecnisol solar project consists of four separate 10MW single axis tracker PV power plants.
The project is located in David, Chiriqui, in Western Panama, on a 97.8 hectare plot of land, and became operational in August 2018.