IDB to invest $145 million in Central American energy plan

The IDB has announced that it will invest $145 million in the transmission and rehabilitation of electric plants in Central America, an operation to which Mexico and Colombia may also be added.

Thursday, August 28, 2008

The program will be complemented with actions in the field of transmission, transformation and generation, in order to ensure that the greatest trust in the system in not only in its ability to provide more a great availability of energy, but also in guaranteed quality of distribution.

More on this topic

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%.

Mexico to Sell More Electricity to Guatemala

May 2012

Guatemala plans to acquire an additional 30 MW of power from its northern neighbor, which may also export to other Central American countries.

A statement from the Ministry of Energy in Mexico reads:

The Ministry of Energy in Mexico and the Ministry of Energy and Mines in the Republic of Guatemala have signed a letter of intent in which they set out, in good faith and in a non-binding way, a general framework for cooperation in the energy sector.

IDB grants $40.2 million to Nicaragua

December 2008

The funds will be used to rehabilitate the Santa Barbara and Central America hydroelectric plants, the two main generators of renewable energy in the country.

"The rehabilitation of these hydroelectric energy plants will contribute to improving the quantity, reliability, and quality of the renewable energy supply required for sustainable economic growth in Nicaragua," said the head of the IDB team, Jose Ramon Gomez.

Central America pushing for gas-based energy plants.

September 2008

Financing for the Meso-American project will be provided by the IDB (Interamerican Develpment Bank), the BCIE (Central American Bank for Economic Integration) and the private companies that win the bids.

The Meso-American Energy Integration Program (PIEM) by the Economic Commission for Latin America and the Caribbean (CEPAL) has been working on the feasibility of a regional gas pipeline from Mexico through Central America to Colombia.

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