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)

More on this topic

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The extension now granted by the Ministry of Energy and Mines is for three years and two months starting from September, when the work was due to start operating completely, under the responsibility of Transportadora de Energía de Centroamérica SA (Trecsa).

Panama: 72 MW of Thermal Energy to be Uploaded to the Grid

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Awards: Electricity Transmission Network

January 2015

In Guatemala an award of lots one and three has been made to Fersa and Transportista Eléctrica Centroamericana, respectively, for the works to expand the national grid.

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Panama: $100 Million for Power Grid

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A loan from the Development Bank of Latin America will finance improvements to the power transmission capacity of the national grid.

From a statement issued by the Development Bank of Latin America (CAF):

CAF -the development bank of Latin American is providing funding in the amount of $100 million to the Electricity Transmission Company SA (ETESA) to contribute to efforts to increase the power transmission capacity of the National Interconnected System (SIN) of Panama.

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