Market Due Diligence on 905MW of Generation Assets, Dominican Republic

Client needs

Darby’s FINTRA fund was planning to acquire an equity stake in EGE Haina, a generation company that provided around 20 percent of the Dominican Republic’s electricity from a 600MW gas-fired power plant and 305MW of other generation. However, there was substantial uncertainty about the future evolution of the country’s electricity market.

How Castalia helped

• Provided three scenarios of the economic dispatch model to assess electricity market evolution
• Assessed spot pricing and dispatch of the target assets
• Scenarios considered the development of new plants, the terms of new Power Purchase Agreements, and the evolution of price, capacity, and demand.

The outcome of our work

Our analysis allowed the client to successfully acquire an equity stake in EGE Haina.