President Luis Abenader, by Decree 538-21, ordered the establishment of a secretariat to administer The Punta Catalina Thermal Power Plant (CTPC).
According to the government document, the decree establishes a public trust constitution, management, investment, operation and source of payment, called Central Termoeléctrica Punta Catalina Public Trust (CTPC Trust).
Follow up on the provision of executive power “Establishing an independent management structure for transparent and efficient management, in order to ensure the proper operation of the Punta Catalina Thermal Power Plant.”
In addition to implementing the necessary procedures and works to maintain and maintain it.
Among its main purposes: to maintain and improve the operation of the Punta Catalina Thermal Power Plant, in order to ensure the separation of its assets, and the continuity of its operations, including, but not limited to, those related to power generation. and sent to the Interconnected National Electricity Network (SENI).
It also aims to ensure the proper and transparent management of the center and the assets that compose it; In addition to managing the assets of his estate, according to the instructions given by the settlor to the trustee, through the Technical Committee of the Trust.
Other purposes of the decree are to participate in the provision of public electricity service And to ensure the efficient and transparent use, in accordance with the law, of the income and flows from the sale of the energy generated by the CTPC.
The credit will have a term of 30 years, to be calculated from the date of signing the articles of association and after the expiry of that period and after the terms stipulated in the contract are met, it will be amortized and its assets reintegrated into the Dominican State.Except for an express extension by decision of the settlor, the decree specifies.