Santo Domingo.– The power company Itabo (EGE ITABO) paid RD$486 million in dividends to the Dominican Government, thanks to the company’s operational, administrative and financial performance in 2009.

AES Dominicana president Marco D la Rosa gave the dividends from the net profits to Reformed Companies Patrimonial Fund (Fonper) president Fernando Rosado during a gathering with president Leonel Fernandez in the National Palace.

“Itabo has become one of most recognized success stories as a result of the strategic alliance between the public and private sector and as the results here show,” De la Rosa e said during the transfer of the funds by the AES Dominicana group, which has a stake in the State-owned Itabo.

The executive, stressing Itabo’s performance, listed the company’s highly qualified human talent, which he affirmed is committed with operational excellence as evidenced by reaching a 83% availability in 2009, a record in the last 10 years, from levels as low as 35% before AES acquired it. “This is an example of our commitment to efficiently contribute with the National Interconnected Electrical System’s sustain

De la Rosa said Itabo has been under a continuous plan of investments as high as 200 million dollars, which has resulted in the company’s good operational and financial results, adding that in 2009 it supplied 13.3% of the national consumption, or 1,486 GWh, “at competitive very prices.”