Guatemalan Sugar Producers to Generate Electricity with Carbon
The sector is studying the possibility of investing $2.5 billion over seven years in a project to generate electricity from carbon.
Monday, August 30, 2010
Guatemala's sugar mills currently use biomass during the cane-cutting season to generate energy and bunker fuel in the rest of the year. Companies are evaluating whether to replace bunker fuel with mineral carbon, which would require investments of around $2.5 billion over the next seven years.
Nearly seven years after the work was awarded, the contract with the Guatemalan CECHSA for the construction of a 150 MW coal plant in Honduras has been cancelled.
The Magdalena Sugar Mill will invest the money in its power plant in order to replace the current consumption of bunker fuel for coal.
After an investment of $80 million the Magdalena mill has opened its new plant which gives it a further 56MW of generation.
The financial crisis and environmental concerns are jeopardizing the execution of the power plant 'Jaguar Energy'.
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