The Inter-American Development Bank on Thursday approved two loans for a total of $78.3 million to support the construction of two wind farms in the Dominican Republic. The projects, part of the country’s new investment in electric power production, will add a total of 80.6 megawatts to the existing electricity production capacity, estimated at 3000 megawatts.

The new wind farms, which are being developed by private companies, reflect the growing confidence in the Dominican energy sector. Progress in the sector’s operating management, the new leadership of the Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE) and the development of a strategic plan represent determining factors for the sector´s future development of the sector and plans to expand sources of energy production.