EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million.
The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law.
AEI Centrans Energy Services, Inc. and Wind Energy of Nicaragua SA, announced funding for Phase II of the Amayo park.
The $ 45 million facilities feature a 15-year loan provided by the Netherlands Development Finance Company (FMO) and the Central American Bank for Economic Integration (CABEI).
Amayo II wind project includes 11 Suzlon S88 wind turbines 2.1 MW, 50Hz and is capable of generating a total of 23.1 MW of electricity.
Energy multinational AEI acquired 47.5% of wind farms Amayo I and II, which output 63MW of clean energy.
AEI bought a 47.5% stake in both the Amayo I and Amayo II wind farms from Texas-based Arctas Capital Group, AEI said in a written statement. It then bought an additional 47.5% interest in Amayo II from Guatemalan firm Centrans Energy Services.
Jaguar Energy, from AEI, began construction of a 700 million solid fuel fired power generation facility near Port Quetzal.
The President of Guatemala, Alvaro Colom, along with cabinet ministers and representatives from AEI and the private sector, led a groundbreaking ceremony today to inaugurate the construction of Jaguar Energy Guatemala LLC's new 300 MW solid fuel fired power generation facility.
AEI announced today that it closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala.
AEI announced today that its wholly-owned subsidiary, Jaguar Energy Guatemala LLC (Jaguar Energy), closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala.
The Energy Minister informed that the construction of Jaguar Energy power plant will begin in the next months.
It will take 40 months and $700 million to build, and will generate 300 MW when ready. It will be developed by AEI, an international corporation focused on energy projects.
Carlos Meany, Energy Minister, also reported that one of the priorities of Alvaro Colom’s administration is to define an Energy Policy for the next 15 years.
Fitch Special Report: Industry Risks and Challenges for the New Government.
Overview
El Salvador’s electricity sector exposure to government intervention and regulatory uncertainty during recent years has affected the financial performance of the companies in the sector. The impact of government intervention has been somewhat mitigated by recent measures taken by the current administration to eliminate energy
Ashmore Energy International (AEI) will invest $750 million to construct a coal energy plant in Guatemala.
With this investment the company hopes to produce 300 megawatts which will be in addition to the 234 megawatts being produced, making the total produced by the company 534 megawatts.
The construction of the plant, called Jaguar, could start at the end of 2008 and begin to to produce energy in 2011.
Spain's Unión Fenosa has awarded a $600 million contract for the construction of a 200-megawatt coal-fired power plant in Guatemala to Jaguar Energy, a local unit of Ashdown Energy International.
Fenosa said in a statement that the new plant would enable its distributors in Guatemala to ensure power supplies in the long term.