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Article: Largest Caterpillar Power Plant in the World Ready for Operation in The Caribbean; $95 Million Monte Rio Power Plant to Supply Power to the Growing Economy Of The Dominican Republic.
- Article from:
- PR Newswire
- Article date:
- April 29, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Caterpillar Inc. today announced completion of the company's largest ever power plant, a 100-megawatt facility representing a total investment of $95 million that will provide power to more than 125,000 homes and businesses in the Dominican Republic. The plant is owned by the Monte Rio Power Corporation, a joint venture between the Paliza-Viyella Group and Caterpillar Power Ventures, a wholly-owned subsidiary of Caterpillar Inc.
The new facility was inaugurated today at a ceremony in Azua attended by Dominican Republic President Hipolito Mejia, Caterpillar Group President Richard L. Thompson and Monte Rio Power Corporation President Elena Viyella de Paliza. ...