Electric Power: Growing Business in Guatemala

Difficulties in a generating plant in Costa Rica and the growing regional energy demand are some of the reasons of the increase in electricity exports from Guatemala.

Monday, September 17, 2018

Statistics by Banco de Guatemala report that between January and July of this year sales abroad of electric power amounted to $81.7 million, an amount that exceeds by 36% the $60 million registered in the first seven months of 2017.

See also "Central America: $1.6 billion in energy projects"

In relation to the factors that influenced the rise in exports, the Minister of Energy and Mines, Luis Chang Navarro, explained to Prensalibre.com that a primary factor is that " ... in Costa Rica a generating plant had operational problems, so they had to 'empty the hydroelectric power plant' and increased consumption of the supply."

According to Chang, another factor that had an effect was that " ... regional demand for electric power is increasing and some failures allow that, based on supply and demand, shipments can be made with prices established by the market and that is a opportunity."

See figures for 2018 and historical records. (In Spanish)

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