Coal is not often associated with the development of capital markets, but a new power plant powered by the fossil fuel could mark a turning point for the Dominican Republic’s small exchange.
The government plans to take the $1.9bn Punta Catalina coal-fired plant public in the coming months, placing shares through the local bourse. The original plan was to float 49% of shares in the 752-megawatt plant, but the government announced in October that it was opting for 100%.