Attempts by the subsidiary of China Machine New Energy Corporation to get skilled labor from the labor market in Guatemala, have been unsuccessful.

A public call for national technicians trained to install boilers and high pressure auxiliary equipment, install turbines and ancillary equipment for them, assembly of special pipes for power plants, welding pipes for power generation as well as being a service technician for boiler temperatures, only had 20 candidates, who did not qualify for the positions offered.

That is the reason for the decision by the Ministry of Labour and Social Welfare (MINTRAB) of Guatemala, to authorize the hiring of foreign technical expertise for the construction of the coal based power plant in Masagua, Escuintla, which is believed to be the largest plant in Central America, capable of generating 300 megawatts.

Source: prensalibre.com

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Jaguar Energy Wins Case Against Chinese CMNC

October 2016

Jaguar Energy Guatemala has announced that it won the international arbitration case against China Machine New Energy Corporation, which has to pay the former entity $149 million.

According to the company, as a result of the decision from the arbitral tribunal, the power plant based on coal will remain its property, and the Chinese company will have to pay $149 million.

Intervention in Jaguar Energy Power Plant

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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.

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January 2014

The Chinese construction company building a power plant for Jaguar Energy was fired for demanding additional payments of $1.5 billion.

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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.

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