Work on the 114 MW plant on the river Cahabón in Alta Verapaz, could be finished months ahead of its estimated end date.
In August, with an advance of 7 months in the term of contract execution, the Energy Division of Corporación Multi Inversiones (CMI) could deliver the project which would provide 114 MW to the national grid, making it the largest private hydroelectric project in the country.
According to the president of the Spanish multinational, the sale of $500 million worth of its assets in Guatemala, El Salvador, Nicaragua and Panama will serve to "enhance" the company in the region.
Cesar Alierta, chairman of Telefónica, said the sale, in which it is not control that is being transfered, but merely ownership, "will enhance the Central American market because it provides a local vision" for the business.
Corporacion Multi Inversiones (CMI) has inaugurated the Santa Teresa plant in Guatemala, and will advance 3 new energy projects for 2016.
With an installed capacity of 16.4 megawatts, the new Santa Teresa hydroelectric plant over the river Polochic, belonging to CMI, was inaugurated on Thursday, the first of several projects that will increase the company’s generating capacity.
The Guatemalan chain has announced its expansion plans for 2012, with the opening of eight new stores in Guatemala and their foray into the Salvadoran market.
Walter de la Cruz, general manager of the chain said the projected investment is $1.4 million.
"By 2012 the firm's goal is to have 32 stores nationwide, and also activate international expansion, so the second half of the year could see the opening of its first store in El Salvador", published Siglo21.com.gt.
The Guatemalan company will open 5 new restaurants in the country in the first half of next year.
These new restaurants will be located in rural areas and will generate 100 jobs, said José Villalobos, commercial manager of the chain.
"Pollo Campero is in the midst of a global expansion process. In one month it will open a restaurant in India and is negotiating another in Saudi Arabia. It is also located in China", reported Nacion.com.
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CISA Exportadora is a green coffee exporting company based in Nicaragua owned by the Baltodano family who enjoys over 100 years of coffee tradition.
Operates in Nicaragua
Phone: (505) 2270 4414 - (505) 2270 4412
CECA mills and exports high quality green coffee from every region of Costa Rica, supplying specialty coffee industries of the United States, Canada, Europe and Japan.
Operates in Costa Rica
Phone: (506) 2202 4444 - (506) 2202 4400