ENERGAS 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 a credit risk guarantee from the InterAmerican Development Bank. In late 2018 , ENERGAS signed ia 10-year extension of the PPA (until 2032) with the Corporación Dominicana de Empresas Eléctricas Estatales (“CDEEE”), as part of the project to convert the plant to natural gas.

ENERGAS is constructing a 130 MW unit that will be operational in 2025. Energas 4 will allow the country to reduce consumption of liquid fuels (LFO and HFO), at the same time reducing the marginal cost of the system and CO2 emissions.

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, and improved its technology to provide modern, more economical, and sustainable energy services.

This conversion 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.