Mexico to Sell More Electricity to Guatemala

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

Monday, May 28, 2012

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.

Both agencies agree to develop joint cooperative activities, as a priority, in electricity and hydrocarbons.

Regarding electricity, the goal is to increase electricity export from Mexico to Guatemala by 30 MW and later export to Central America. For this, the Federal Electricity Commission (CFE) and the National Electrification Institute of Guatemala (INDE) are developing a work plan for a transmission line which is part of the Electric Interconnection System for Central American Countries (SIEPAC), be connected to the Mexico – Guatemala interconnection line.

In hydrocarbons, the objective is to carry out exploration for determining the possible existence of transboundary reservoirs located on both borders, and exchange of information on the subject.

The letter of intent was signed during the Model Development Seminar of the Mining Industry, Energy and Petroleum of Chile and Mexico, organized by the Ministry of Energy and Mines of the Republic of Guatemala.

The seminar was attended by the Secretary of Energy, Jordy Herrera Flores, and directors of the Federal Commission of Electricity and Mexican Petroleum.

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