$1.2 million for Guatemala and El Salvador for electricity projects

The IDB granted $660,000 to El Salvador and $600,000 to Guatemala to be managed by the Sustainable Energy and Climate Change Fund Initiative (Secci).

Tuesday, November 4, 2008

The Government of Guatemala will invest this money to develop an Integral Energy Efficiency Plan to reduce consumption and improve the use of electric energy in the country.

El Salvador will also designed a global plan to implement energy efficiency measures which include several pilot projects.

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Loans for Energy Saving Projects

March 2012

The Development Bank of El Salvador has a credit line for replacing equipment with more efficient technology in terms of energy consumption.

The Development Bank of El Salvador (BANDESAL) has $17 million available in a credit line to grant to companies who opt to renew their equipment and use technologies which lead to energy savings.

El Salvador: $100 million for Energy Sector

September 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.

The Electricity That Central America Needs

June 2015

"The region still needs to install at least 7,000 MW by the end of the decade and make investments of between $12,000 million and $18,000 million."

While in Panama the energy supply needed to meet the demand of its growing economy falls short, to the north of the region, in Guatemala, there is surplus energy but generators are unable to sell it due to the lack of regulations governing the futures contracts and because the Siepac (Regional Electricity Transmission System) project is still does not working 100%.

Guatemala Prepares Energy Efficiency Act

October 2012

With the new law access will be given funding to promote technology changes that generate cost reductions and savings in energy consumption.

A statement from the Ministry of Energy and Mines reads:

MEM and CNEE drive Energy Efficiency Act project

In a workshop organized by the Ministry of Energy and Mines (MEM), and the National Energy Commission (CNEE), with support from the Inter-American Development Bank (IDB), the Economic Commission for Latin America (ECLAC) and the Latin American Electric Power Organization (OLADE) a roadmap has been established in the discussion of the Comprehensive Plan for Energy Efficiency and the Energy Efficiency Act of Guatemala.

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Evar Investment Group

Consultancy, management and sale in the fields of energy efficiency, energetic saving and renewable energies.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 6529-3229

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