Conversion to Coal Costs $165 million

The project, in which the state holds a 49% stake, is more than a year behind schedule because of problems in the construction of the boiler.

"BLM was forced to buy more expensive energy in the local electricity market in order to fulfill the supply contract with Elektra Noreste SA (ENSA), effective January 1, 2010”, noted an article in Prensa.com.

Source: Prensa.com

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$40 Million for Panamanian Coal Plant

October 2009

"Banco Nacional" will finance the project "Bahía Las Minas", so it can finalize its construction.

In addition to funding by Banco Nacional, the company will contribute an additional $40 million to finish the boiler.

Philippe Delmotte, General Manager of "Bahía Las Minas", considers that "...

Panama: Coal Plant to be Ready in June

June 2010

GDF Suez Energy’s $140 million coal reconversion energy plant would start operating by the end of June.

The project will generate energy using coal imported from Colombia. The raw material will be unloaded at the storage facilities of “Cemento Panamá”, in the port of Bahía las Minas, close to the plant.

Suez Energy to invest US$650 million in Panama

June 2008

Suez Energy aims to invest US$650 million in various power-generation projects that should come on stream by 2010.

The projects includes the conversion to coal of the Bahía Las Minas thermal plant, and construction of a 25-megawatt hydroelectric scheme at Gualaca, Chiriquí.

Guatemala: $8.9 million Investment in Coal-Based Electricity

September 2011

The Magdalena Sugar Mill will invest the money in its power plant in order to replace the current consumption of bunker fuel for coal.

The new plant will increase generation capacity to 120 megawatts. Located in La Democracia, Escuintla, it is expected to begin operations in January 2013.