Guatemala: $87 million for Electricity

With funding from two international banks, Transportadora de Energía de Centroamérica will develop the Transmission Expansion Plan 1-2009.

Friday, July 1, 2016

"...As soon as the Expansion Transmission Plan (ETP) is finished, more than 30 power plants will be able to connect to the new energy transport system, contributing to the diversification of the energy network and reducing rates by an estimated 25%, according to the authorities in Guatemala's electricity sector. "

From a statement issued by Grupo Energia de Bogota:

Bogotá, DC and Guatemala City, June 30, 2016. Empresa de Energía de Bogota S.A. ESP (EEB) of Grupo Energía de Bogotá, informs the market that today, its subsidiary in Guatemala, Transportadora de Energía de Centroamérica S.A. (TRECSA) signed a credit agreement with Citibank Europe PLC UK Branch and the Canadian export agency EDC (Exporting Development Canada), for an amount of EIGHTY-SEVEN MILLION DOLLARS (USD 87,000,000) to finance the EPT 1 project -2009, whose maturity will be June 29, 2028.

The signing of this contract will have a guarantee awarded by the BSE which was authorized by the Ministry of Finance and Public Credit of Colombia through Resolution No. 1733 of June 15, 2016. 



More on this topic

Expansion of Power Grid Will be Further Delayed

September 2017

For the third time the deadline to deliver the project to build 866 kilometers of lines under Energy Transportation System Expansion Plan in Guatemala has been postponed, this time until 2020.

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).

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.

The Ministry of Energy and Mines (MEM) has awarded four of the five lots which are included in the tender.

Guatemala: $87 million for Power Grid

August 2014

With a bank loan the company Transportadora de Energía de Centroamérica will complete the expansion of the electricity transport system in the country.

The Guatemalan subsidiary of Grupo de Energia de Bogota, will use the funds to complete the project investing in energy transport, which is to build and launch more than 850 kilometers of transmission lines and 12 new high voltage substations, as well expansion of 12 existing substations.

Colombia's Interest in Energy Sector in Central America

June 2014

Hydroelectric projects and expansion of distribution networks are part of the opportunities that Colombian Power firms are looking to take advantage of in the Isthmus.

There are now three Colombian energy sector companies that have decided to venture into Central America to be part of the development of an activity that still has much room for growth in the region.

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