Energy investment
in Central America
Wednesday, January 18, 2012
By 2026, the country will generate 78% of its energy from renewable sources.
The changes proposed to the Generation System Expansion Plan 2012-2026 have already been approved by the Ministry of Energy and Mines (MEM).
In 2012, it is is expected to generate 50.5% from hydroelectric sources, 3.6% from geothermal sources, 3.5% from bunker fuel, 12% from biomass, 9% from the electrical interconnection with Mexico and 21.3% from coal.
Tuesday, January 17, 2012
At the First Central American Forum on Energy and Infrastructure Project Finance, participants highlighted the number of ventures taking place in Central America in these sectors.
The Panama Canal expansion is just one example that stands out of the many investment projects in energy and infrastructure, both public and private, going on in Central America, in contrast to the sluggishness in Europe, according to participants in the industry forum held in Panama.
Tuesday, January 3, 2012
Over the next 13 years the country needs to invest about $6,000 million in order to meet the demand for electricity.
About 3,000 megawatts will be needed to meet demand over the next five years, including about 600 MW currently being generated by plants based on bunker fuel, which are scheduled to be removed from the system.
Tuesday, December 6, 2011
The company sold at least $2.5 million in stock, claiming to own five hydroelectric projects in Guatemala, and promising yearly returns of 60%.
But the projects featured in the firm’s promotion materials, announced as being under construction, are not owned by the company.
Wednesday, November 30, 2011
The governments of Nicaragua and Korea have signed a loan to finance renewable energy projects.
The Intergovernmental Agreement signed by both governments is for $27.2 million, with a forty-year term, and a grace period of ten (10) years.
The credit line will be used to fund the National Sustainable Electrification and Renewable Energy Program, to be implemented by ENATREL.
CECACIER
Company Profile
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (506) 22955500
Monday, October 10, 2011
The dam, which will generate 253 megawatts of power, requires an investment of $1100 million over four years.
Constructing two camps to house staff and space for the machinery to be used in the project will form the basis of the preparation phase prior to the start of construction of the hydroelectric dam.
Wednesday, September 28, 2011
Eight hydro and wind power plants will begin operating in 2013.
325 MW will be added to the country’s power supply once the power plants being implemented in various parts of the country become functional.
The new energy will be managed by the Instituto Costarricense de Electricidad (ICE), the National Power and Light Company (CNFL) and private companies, who have focused primarily on wind energy projects.
Thursday, September 8, 2011
The IDB has approved a loan to support the reform process of the energy sector and to diversify the energy matrix.
A press release from Inter-American Development Bank (IDB) reads:
An IDB loan of U.S. $100 million will strengthen the power sector in El Salvador
The Inter-American Development Bank (IDB) today approved a loan of U.S. $100 million to support the reform process of the power sector in El Salvador and to diversify the energy matrix and savings in the electricity supply. The program includes strengthening the institutional framework of the electricity sector, increasing the use of renewables, improving energy efficiency and encouraging private sector participation and regional power integration in line with the National Energy Policy (NEP).
Wednesday, August 31, 2011
A tender for the provision of 800 MW of electricity for the next 15 years has attracted companies producing energy using wind power, hydro power, biomass, bunker fuel, coal and natural gas.
Among the companies interested in the bidding which will take place in January 2012 are, Cutuco Energy, Italy's Enel, los ingenios Pantaleón, La Unión and Magdalena, among others, said Carlos Colom Bickford, president of the National Energy Commission (CNEE).
Tuesday, August 23, 2011
Both countries have pledged to contribute $210 million each for the completion of the project that will allow the sale of surplus electricity from Colombia to Central America.
Carlos Rodado Noriega, Colambian Minister of Mines and Energy, said at a news conference that an agreement has been signed with the Panamanian Minister of Finance, Alberto Vallarino, ISA from Colombia and the company Etesa from Panama.
Wednesday, August 17, 2011
The confirmation of expectations for economic growth in the coming years has highlighted the urgent need to take steps to meet the demand for energy which could grow by 6%.
While current installed capacity for electricity generation (1,418 MW) is above the peak usage recorded (1286) MW), the Electric Transmission Company, S.A. (ETESA) needs to consider and plan the necessary actions that need to be taken in order for the system to increase the energy supply so as to meet demand in the coming years.
Thursday, August 4, 2011
The Guatemalan authorities have changed the bidding conditions and extended the deadline by three months.
The changes are designed to ensure the participation of more bidders and resolve some of the concerns of interested companies.
Carlos Colom, president of the National Electric Energy Comission (ENEE), explained that the most important change is to the ‘Act of God’ clause, which protects investors against possible actions by groups opposed to energy projects.
Thursday, July 28, 2011
Blue Power has signed a financing agreement for $80 million with Bicsa bank, for the completion of the project in Nicaragua.
Once completed, the Blue Power & Energy wind generation farm will be able to generate 39.6 megawatts of clean energy, which corresponds to annual savings of $22 million for the country, according to Emilio Rapaccioli, the energy minister.
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