Regional Electricity Market Progresses in Central America
The electricity sector's authorities have put together a series of concrete actions that should make the regional market a reality by the end of 2011.
Friday, August 27, 2010
During the meeting organized by the Inter-American Development Bank (IDB) in San Jose, Costa Rica, energy ministers, electrical power generating organizations and regulators from across Central America reaffirmed their commitment to speeding up the process of harmonizing the region's legal frameworks in order to bring about energy integration.
A regional legal framework is required that will allow for long-term contracts, not only between countries but also between plants located in one country selling power to another.
Mexico and Colombia could be the next countries to be incorporated into the Electrical Interconnection System for Central American Countries.
Due to problems with easement acquisition, Costa Rica is the only country that has not completed the Electrical Interconnection System for Central America.
Siepac, Central America’s Electric Interconnection system, is 85% ready.
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