Contract for 150 MW Coal Plant Rescinded

Nearly seven years after the work was awarded, the contract with the Guatemalan CECHSA for the construction of a 150 MW coal plant in Honduras has been cancelled.

Monday, June 30, 2014

After several years of problems obtaining financing without making any progress in the work, Empresa Nacional de Energía Eléctrica de Honduras has decided to formally terminate the contract with the Comercializadora de Electricidad de Centroamérica de Honduras S.A, to whom it had awarded the work directly during the administration of Manuel Zelaya.

"...The plant was to be built in Trujillo, Colón, with an estimated $450 million investment, with an estimated three million dollars per megawatt . In its first phase, the company awarded the contract was committed to supplying power using bunker fuel and from month 36, or the third year, electricity with coal would be generated. "

"...The energy emergency status approved in the Zelaya Rosales administration was questioned by various sectors of society, as many agreed there was time to prepare an international tender and in that way obtain better prices per kilowatt. "

More on this topic

More Energy From Sugar Mills

November 2012

After an investment of $80 million the Magdalena mill has opened its new plant which gives it a further 56MW of generation.

With this expansion the mill now provides up to 125 megawatts (MW) to the national system and covers its own consumption needs for industrial production.

Guatemala: $8.9 million Investment in Coal-Based Electricity

September 2011

The Magdalena Sugar Mill will invest the money in its power plant in order to replace the current consumption of bunker fuel for coal.

The new plant will increase generation capacity to 120 megawatts. Located in La Democracia, Escuintla, it is expected to begin operations in January 2013.

Guatemalan Sugar Producers to Generate Electricity with Carbon

August 2010

The sector is studying the possibility of investing $2.5 billion over seven years in a project to generate electricity from carbon.

Guatemala's sugar mills currently use biomass during the cane-cutting season to generate energy and bunker fuel in the rest of the year. Companies are evaluating whether to replace bunker fuel with mineral carbon, which would require investments of around $2.5 billion over the next seven years.

Guatemala: Coal Power Plant Lacking Funding

November 2009

The financial crisis and environmental concerns are jeopardizing the execution of the power plant 'Jaguar Energy'.

The project is six month behind schedule, explained José Sarmiento, spokesperson of Jaguar Energy, a $700-million, 300-MW coal power plant.

Sarmiento told Prensalibre.com: "The project's feasibility has been affected by these financing concerns.

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