CONSTRUCTION PLATFORM
$700 Million in Natural Gas PlantThursday, July 15, 2021 In Nicaragua, the company New Fortress Energy, with US capital, plans to build a plant that will generate 300 MW of clean energy, using less polluting technology. The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Area, includes an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
CONSTRUCTION PLATFORM
$523 Million in Port Works PlannedMonday, July 5, 2021 In Guatemala, different works are being built in Puerto Quetzal in a total area of 120 hectares distributed in land and maritime area, with a time to execute the work for 12 months. The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Unit, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country. Tuna: Company Increases Production CapacityMonday, June 14, 2021 In order to increase its installed capacity, in Guatemala the company Rianxeira invested $2.5 million in the commissioning of two new industrial buildings. The plant in which the business group made the investment in new industrial buildings was inaugurated in 2019 and is located at kilometer 97, highway to Puerto Quetzal, Escuintla. Energy: Mega-Project Announced in PanamaTuesday, June 1, 2021 Local authorities announced plans to build in the province of Colon the Gatun Generating Station, an energy complex that will operate with liquefied natural gas and will require a $1,000 million investment. The morning of June 1, President Laurentino Cortizo Cohen explained that this project will require a foreign investment from Group Energy Gas Panama, a consortium formed by InterEnergy Group and AES Panama. Investments in Households Boost Hardware BusinessMonday, April 12, 2021 In the last year in El Salvador, sales of hardware stores have remained dynamic, a situation that is explained by changes in living habits resulting from the pandemic, as in recent months’ consumers have decided to invest in remodeling their homes. The increase in family remittances is another factor that has influenced the increase in hardware store sales. New Module for Container InspectionTuesday, March 23, 2021 In Guatemala, since March 19, APM Terminals Quetzal enabled the x-ray module for the inspection of containers that are used for exports and imports at the maritime terminal. The maritime terminal made more than $7 million investment for the implementation of the non-intrusive inspection module for cargo transported at the terminal. Cement: Investment in Production PlantsThursday, March 18, 2021 In order to increase its production capacity in El Salvador by 58%, Holcim will invest $20 million in the reactivation of the Maya Plant and in improvements to the El Ronco Plant. The company currently has a production capacity of 1.2 million tons of cement per year, but with the reactivation of the plant located in Metapan and the improvements of the other industrial complex, they intend to increase its capacity to 1.9 million tons. Heavy Transport: Restrictions in GuatemalaTuesday, March 16, 2021 Due to Easter Week 2021, from March 31 at 12:00 noon until April 4, the circulation of heavy cargo transportation will be restricted throughout the national territory. The restriction will not apply to units transporting perishable products, fuel, beverages and food, and cranes, as they are service equipment, which may circulate and do not require special permits. Maritime Terminal Improvements: Award SuspendedTuesday, March 9, 2021 Arguing that three inconsistencies were detected, the General Comptroller's Office of Guatemala ordered to temporarily suspend the bidding of the contract for the improvement of the breakwaters of Port Quetzal. This is the public tender called "Improvement of Port Infrastructure East and West Breakwaters", which on March 3 was awarded to the company Supervision, Construccion y Mantenimiento, S.A., for $62 million. Cryptocurrencies are Illegal in GuatemalaMonday, February 22, 2021 After multiple consultations, the Superintendency of Banks announced that virtual currencies or assets such as Bitcoin, Ethereum, Ripple and other similar ones, are not legal tender in the country. The Superintendency of Banks, derived from the different consultations made by economic and financial agents regarding the use of virtual currencies or assets, known as cryptocurrencies, informs the population that in accordance with the Monetary Law, the monetary unit of Guatemala is the Quetzal and only the Bank of Guatemala can issue banknotes and coins within the territory of the Republic, therefore virtual currencies are not legal tender in the country, explains an official statement. Three Tenders to Improve Maritime TerminalThursday, February 18, 2021 Construcciones Integrales Avanzadas S.A., Supervision Construccion y Mantenimiento S.A. and Tecuntrac S.A., were the companies in Guatemala that submitted their proposals in the tender for the improvement of the east and west breakwater port infrastructure of Puerto Quetzal. According to the opening minutes published in Guatecompras.gob.gt on February 17, 2021, the proposal submitted by Construcciones Integrales Avanzadas S.A. Electricity Rates: Increases in GuatemalaMonday, February 1, 2021 For the period from February to April 2021, Deocsa and Deorsa users will be subject to a 1.5% increase in the price of electricity, and for Eegsa customers the increase will be 0.4%. According to the National Electric Energy Commission, in general terms, it is possible to indicate that for the following quarter the tariffs will show slight variations derived from the regular behavior of macroeconomic variables that have a direct incidence on the costs transferred to tariffs. Natural Gas: 300 MW Plant Under ConstructionFriday, January 29, 2021 In Nicaragua, the company New Fortress Energy announced that it has already started with the construction works of a natural gas plant, which will have an energy generation capacity of 300 MW and will be located near Puerto Sandino, department of León. Executives of the North American company stated that the project has begun its decisive phase and according to the schedule, it is expected that between May and June the generating plant will begin operations. Electric Vehicles: Investment in Charging StationsTuesday, January 5, 2021 In Panama, the company Evergo is investing in the implementation of 200 loading stations, which will be located in different areas nationwide and will be level 2 and level 3. The long-term plan of Evergo, a company that is part of the InterEnergy Group's portfolio, is to install a total of 500 electric charging stations throughout the Panamanian territory. New Economic Development Zone EndorsedFriday, December 18, 2020 In Guatemala, the Miel Verde project, Special Public Economic Zone, was approved. In its first phase of development, it will require an investment of close to $4 million and will be located in the municipality of Río Hondo, department of Zacapa. The new special zone will have a total area of 23,544 square meters, however, in the first phase only an area of approximately 5,173 square meters will be developed. |
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