Costs of Regional Electric Interconnection System

The company that owns the network has proposed doubling its 2013 budget compared to 2012, which is not acceptable to governments of the region.

Tuesday, February 12, 2013

Prensalibre.com reports that "Countries in the region, including Guatemala, oppose the amount of the budget for putting the Siepac network into operation, proposed by the company that owns the network (EPR), because it is double that of 2012, reported the deputy energy minister Edwin Rodas. "

The EPR proposed a budget of $114.6 million, which is 107% more than what was approved in 2012, and which was not approved by the Regional Electric Interconnection Commission (Crie).

The deputy minister said that Guatemala has insisted in meetings of that organization, that the EPR should operate as an efficient company and that this be reflected in the charges of the Electrical Interconnection System for Central America (Siepac), otherwise the network will not benefit the country.

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Guatemala is the most interested country in speeding up regulation establishing the model of firm contracts within the regional electricity market.

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Siepac, Central America’s Electric Interconnection system, is 85% ready.

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