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Hydroelectric production avoided oil purchases of US$89.1 million in Dominican Republic

Hydroelectric production avoided oil purchases of US$89.1 million in Dominican Republic
(photo courtesy Egehid)

Hydroelectric generation during the first five months of 2024 allowed the Dominican Republic to save US$89.1 million, which would have been the cost to purchase oil in the international market.

During January through May this year, the Dominican Hydroelectric Generation Company (EGEHID) registered renewable energy production of 575,532.83 MWh, which avoided the purchase of 1,107,952.49 barrels of oil.

Compared to the same period of the previous year, in January through May 2024 hydropower produced 161.6 GW more, mainly due to the contribution of increased rainfall in mountainous areas, as well as improvements in the operation of hydroelectric plants.

In May 2024 in particular, hydroelectric production was 163.7 GWh, while in the same month of 2023 it was 65.1 GWh, for an increase of 251.4%.

EGEHID has an installed capacity of 624.5 MW of clean energy through its 27 hydroelectric plants strategically located for the use of water in the most important hydrographic basins of the country.

Entry into the Interconnected Electrical System (SENI) of the EGEHID units is done in strict compliance with the programming of the Coordinating Body, aimed at the sustainability and stability of the country’s energy service.

In other hydro news in the Dominican Republic, Hydro Review reported in March 2022 that the Council for the Strategic Development of the City and Municipalities of Santiago (CDES), Dominican Republic, launched the monitoring and follow-up system for implementation of the 300 MW Las Placetas hydroelectric project.