Nicaragua: AEI Acquires 47.5% of Amayo Wind FarmsMonday, May 17, 2010 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. Nicaragua to expand geothermal energy with IDB helpTuesday, August 3, 2010 A $40 million loan will support the expansion of the San Jacinto-Tizate project, boosting power generation capacity The Inter-American Development Bank (IDB) announced the approval of a $40 million loan to finance the second phase expansion of the San Jacinto-Tizate geothermal power project, which is being developed by a private sector company, Polaris Energy Nicaragua S.A. (PENSA). Increase Penalties in Contract with Jaguar EnergyThursday, May 30, 2013 The National Energy Commission of Guatemala has approved the amendments in the contract with the concessionaire, in the event that the power plant is not operating in September 2014. "According to the amendments, there is an increase of $6.5 million in the penalties which add up to a total of $28 million, there is also an increase of $9 million in the preoperative guarantees, going from $36.3 million to $45.3 million," noted an article in S21.com.gt. The penalties would be applied in the event that Jaguar Energy does not have the first phase operational, in which 150 MW will be produced, in September 2014. The Push for Wind Power in Costa RicaMonday, October 27, 2014 The wind power projects currently under development in the country by national and foreign investors have a combined capacity of 185 MW. Data from the Costa Rican Electricity Institute (ICE) shows that during 2013 energy from renewable sources accounted for 88% of total production in the country. Among the companies currently investing and seeking further development in the energy sector are Globeleq Mesoamerica Energy, Group Ecoenergía and Coopeguanacaste, Tilawind. $ 30 million IDB Loan for Geothermal Plant in NicaraguaWednesday, March 9, 2011 The loan to Polaris Energy Nicaragua, builder and operator of the San Jacinto-Tizate geothermal plant, will allow increased electricity generation. The initiative aims to expand the existing generating unit of 10 MW to a total of 72 MW by leveraging additional resources and the installation of two new turbines of higher capacity. After expansion, the San Jacinto plant will produce enough energy to supply electricity to nearly one in twelve households in the country. Financing for 378 MW Gas PlantThursday, March 21, 2019 The U.S. government approved up to $350 million to finance part of the construction of the liquefied natural gas (LNG) power generation plant EDP in Acajutla, El Salvador. The U.S. government, through the Overseas Private Investment Corporation (OPIC), approved the financing on March 20, 2019, according to the U.S. Embassy in El Salvador.
Geothermal Project Receives $160 Million FinancingTuesday, September 20, 2011 The San Jacinto Tizate geothermal project in Nicaragua, has received an initial installment of $104 million in financing, from a total loan of $160 million, which will be used to complete work on the second phase. Antonio Rodriguez, CEO of San Jacinto Tizate, told El Nuevo Diario that part of the work is completing the installation of a second turbine. Panama: Only One Bid for Hydroelectric Chan IIWednesday, May 7, 2014 Three companies purchased the tender documents but only Odebrecht Energy submitted a proposal for the construction of the 213 MW dam. Following the expiration of the four month period to prepare proposals, the Brazilian Odebrecht Energy Luxembourg, was the only company that submitted a bid for the construction of the project, estimated at $1 billion. The company had to demonstrate its direct involvement in three other hydroelectric projects implemented in the form of design, supply and construction in the past 15 years and provide a bond for $75 million to support the implementation of the Chan II hydropower station. Panama: $300 million for Wind FarmFriday, December 19, 2014 The World Bank has approved a loan of $300 million for the construction of the second and third stages of the Penonomé wind farm, which will have a capacity of 215 MW. From a statement issued by the International Finance Corporation (IFC): Spanish Company to Build $124 Million Wind FarmThursday, November 3, 2011 Acciona Energía will construct and operate the 49.5 MW wind power plant in Chiripa, north west Costa Rica. The energy company was awarded the contract as a result of an invitation to tender held by Costa Rica's state-owned electricity and telecommunications provider (ICE). Guatemala: 300 MW Plant Halted Due to Business DisputeWednesday, January 22, 2014 The construction of the Jaguar Energy power plant has been delayed by eight months because of severe conflict with the Chinese construction company. Eight months after the agreed period for delivery of the project by the companies China Machine New Energy Corp. (CMNC) and Jaguar Energy Guatemala (Jaguar Energy), in charge of the construction of the power plant based on coal with a capacity of 300 MW in Escuintla, the work has bee halted. Intervention in Jaguar Energy Power PlantMonday, February 10, 2014 The intervention is part of a lawsuit filed by the Chinese company Machine New Energy Corporation, which is claiming a payment of $11 million. The Sixth Civil Court of First Instance approved the intervention of Jaguar Energy Guatemala (JEG), a company that is building a power plant based on coal to generate 300 MW. The intervention is part of the lawsuit by the Chinese company Machine New Energy Corporation (CMNC), in which payment of $11 million is being sought. Construction: Cost Overruns in Guatemala As WellFriday, January 24, 2014 The Chinese construction company building a power plant for Jaguar Energy was fired for demanding additional payments of $1.5 billion. In a similar story to what is happening in the Expansion of the Panama Canal, where the construction consortium is demanding payment for overruns of $1.6 billion, the construction of the power plant for Jaguar Energy in Guatemala has stopped, because the Chinese company China Machine New Energy Corporation (CMNC) "threatened to suspend the progress of the project if JEG did not accept their claim for over $1.5 billion, which represents three times the value of the construction contract." Costa Rica: 49 MW Wind Farm Starts OperationThursday, July 17, 2014 The "Chiripa" park in Guanacaste consists of 33 1.5 MW wind turbines and is operated by the consortium made up of the Spanish firm ACCIONA and Grupo Ecoenergía from Costa Rica. From a statement issued by ACCIONA Energy: Roatan Island: 28 MW Propane Gas GeneratorFriday, March 18, 2016 A Finnish multinational company has resolved its electricity problems in Roatan Island with a generating plant based on propane gas. The growth of tourism in the Bay Islands (Honduras' northern Caribbean) has made feasible a project by the Finnish company Wärtsilä to install a 28 MW power plant based on propane gas. The installed power capacity of Wärtsilä in Honduras is about 500 MW, representing 25% of the national capacity. |
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