Electricity Market Growing in Guatemala

With the recently awarded contracts and tenders in process, it is estimated that by 2017 the energy matrix will grow by 52%, with hydropower accounting for 41.3%.

Monday, September 22, 2014

Prensalibre.com reports that "...With the contracts awarded, which are for 15 years, the installed power generation capacity will go from 2,519 megawatts (MW) recorded last May to three 3,836 MW. "

According to estimates by the Ministry of Energy and Mines in Guatemala, "... hydro power will go from having a 38.1% share in the structure of the energy grid in May 2014 to 41.3% in May 2017. While solar power will have a share of 2.3% and wind of 2.6% for the same year. It is expected that this year will see the full operation of the largest solar farm in Central America, with a first phase of 50 MW and the second 30 MW. "

"... Regarding prices .... Urízar Carmen, president of the National Energy Commission (CNEE), and Energy Minister Erick Archila, "... agree that prices are expected to be lower by between 25% and 30%, and it is expected that they will continue to decline in 2017."

More on this topic

Guatemala awards 250 MW energy contracts

August 2014

Using an auction mechanism consisting of successive rounds contracts were awarded to 21 power plants for energy supply at an average price of $109.38 per MW.

Dimas Carranza, coordinator of the Tender Board, told Prensalibre.com that the average price of $109.38 per MW "... refers to the amount projected for 2018, when contracts must be operational ... those prices equate to $97.74 at 2013 prices."

Difficulties in Power Generation in Guatemala

October 2013

More than 45 power plants which are being built with an investment of more than $1.1 million face social, technical and financing problems.

Prensalibre.com reports: "The works are part of the tenders in the Generation Expansion Plan made in 2010 and 2012 for long-term contracts, which seek to ensure the supply of energy for Empresa Eléctrica de Guatemala (EEGSA) and Energuate ... ".

Construction of Hydroelectric Station Xalalá Revisited

October 2013

The Guatemalan government plans to raise $400 million to produce 181 megawatts of hydroelectric power in Alta Verapaz.

This was announced by the chief of Energy and Mines (MEM), Erick Archila. Initially, "the design of this project included generating up to 350 MW, however, in 2005 a study reduced its potential to 181 MW which is the same as the current proposal by the the country's energy authorities," noted an article in S21.com.gt.

More Power Tenders in Guatemala

May 2013

Authorities announced a tender next month for another 200 MW of power from renewable resources.

According to the Energy Minister Erick Archila, the investments by companies that were awarded the first 630 MW in two previous tenders, will start to come into effect next year."The investment will be $1.8 billion in solar plants, wind and renewable resources," he added.

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