Company Profile
In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007.
The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year.
The construction of the new Changuinola I Hydro Power Plant:
* is an asset to Panama
* will generate clean and 100% Panamanian energy
* will create opportunities for previously excluded populations
* will contribute to solve the country's energy situation
* will help Panama to continue growing
The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama. Honduras Awaits Investors for $2 Million Energy ContractsThursday, April 14, 2011 At the upcoming "Honduras is open for business" event 21 energy projects will be presented to 325 investors, which have already confirmed their presence. An article in Laprensa.hn reports that the Honduran Foreign Affairs Ministry is expecting the companies interested in the renewable energy generation projects to include Italy's National Electrical Energy Company and Brazil's specialist damn building company, Norberto Odebrecht, as well as important Chinese investors. El Salvador: $ 2,000 Million Investment FrozenWednesday, November 17, 2010 At least seven projects are stalled, waiting for the country's situation to improve. Newspaper elsalvador.com detailed major investment projects which are on stand-by in El Salvador: Mini Hydropower Station in Authorized in PanamaThursday, April 11, 2013 The National Authority of Public Services has authorized Darrin Business SA, to construct and operate a run-of-river hydroelectric station in the Chiriqui province. From information published by the National Authority of Public Services (ASEP) in Panama: El Salvador Not Tapping Geothermal PotentialWednesday, October 2, 2013 Only 9.25% of the potential to generate geothermal energy is being used and neither are conditions for generating solar photovoltaics being taken advantage of. A World Bank report which incorporates the study "The path to the future for renewable energy in Central America", conducted by the INCAE Business School and the Worldwatch Institute (WWI), explains that the country could have between 362 and 2,210 megawatts of capacity installed, however only has 204.4 MW. Panama to Cancel Oil ConcessionMonday, April 26, 2010 The government canceled an oil exploration and exploitation concession granted in 2007 to Harken de Panama Ltd. Harken is a subsidiary of Global Energy Development PLC, and had a concession to explore and exploit oil in the gulf of San Miguel, province of Darien. Guatemala: Oil Concessions Still have No ContractsWednesday, July 23, 2014 A year after six areas for oil exploration were awarded, five of them still dont have contracts signed between the contractors and the government. Prensalibre.com explains that "...The five areas that are pending are those awarded to Galax Garden Corporation, for the the San Francisco fields; the company Island Oil Exploration Services, SA, which will operate in Laguna Blanca; Trayectoria Oil & Gas Career, which will be situated in Cancuén as well as Greenfields Petroleum Guatemala, El Cedro Petén, Quiché and Alta Verapaz, and Loon-Petroleo Limited in Xacbal." Costa Rica Restricts Investments in ElectricityMonday, August 15, 2011 An editorial in Nacion.com describes the limitation imposed by the law on the investment of private capital in electricity generation as "a cap on development" . Private companies are not allowed to build plants of over 50 MW of capacity. When an investment is made with a view to exploiting the plant for its entire lifetime, without a transfer to state power company ICE, the limit drops to 20 MW. Blue Power Hires Turbine Construction CompanyFriday, September 16, 2011 The company has selected the wind turbine manufacturer Vestas, to begin its project in Nicaragua. Vestas received an order for the manufacture of 22 generating units of 1.8 MW each, for the wind project ‘La Fé’ (The Faith), which will generate 40 MW of energy and will be located in San Martin, Nicaragua. Interest in Electric Transmission ProjectsThursday, June 18, 2009 Nine businesses have expressed their interest in bidding for the projects regarding the building of electric transmission infrastructure in Guatemala with estimated costs of $504 million. In March, the National Commission of Electric Energy (CNEE) of Guatemala opened the bidding process for the construction of 1,394 kilometers of powerlines as well as the interconnection between Mexico and the Interconecting System of Central Amercan States (SIEPAC). Honduran Authorities Don’t Know Who Minerco Resources IsFriday, July 2, 2010 Minerco Resources Inc. (OTC: MINE) recently announced that it will develop hydro power plant “Chiligatoro”, but government sources stated they don’t know this company. In a press release published in MarketWatch.com on June 1st, it was announced that Minerco Resources had received approval from the National Energy Commission of Honduras to develop Hydro Power Plant Chiligatoro. Panama: License for 110 MW Thermal PlantMonday, October 5, 2015 A provisional license has been granted to Aggreko International Projects Limited to build and operate a thermal power generation plant based on diesel, bunker C and natural gas. From the order issued by the Authority of Public Services: Globeleq Acquires 70% of Energías Renovables de MesoaméricaWednesday, January 20, 2010 Globeleq Generation Limited acquired 70% of Energías Renovables de Mesoamérica S.A., owner, operator and developer of wind projects in Central America. ERM owns and operates a 23MW wind energy plant in Tilaran, Costa Rica and is developing in Honduras, the Cerro de Hula wind energy project with a designed capacity of 100MW. Additionally, ERM owns the rights of several potential renewable energy projects in the region. Limit Extended for Solar Generation in PanamaTuesday, March 13, 2012 The Authority of Public Services will expand the limit of generation allowed by solar panels from 10 to 500 kwh. The National Authority for Public Services (ASEP) will raise the capacity of solar panels in service from 10 kWh to 500 kWh, a move that will boost the use of this renewable energy source. |
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