Clean Energy Investments Announced in Roatan

Roatan Electric Company has announced that it will install a liquefied gas plant on the island, which will add to the wind farm currently under construction and which is expected to start operations in late 2014.

Friday, October 17, 2014

From a statement issued by Roatán Electric Company, (RECO):

Roatan Electric Company (RECO) held a press conference in which they announced the progress of the projects which will benefit the islanders by reducing electricity costs on the island.

RECO is focused on the future with the launch of its new generation of wind energy and the prompt installation of a combined cycle plant which will be fueled by clean burning LPG gas. These projects represent more than $40 million in fresh investments, in addition to the $30 million which so far has been invested in by its American investor RECO.

In this way RECO seeks to improve the quality of life of the islanders by offering alternative power options, reducing reliance on fossil fuels.

More on this topic

Natural Gas Plant Starts Operations

August 2018

The electric power generation plant based on liquefied natural gas has started operating in Colón, Panama, with an installed capacity of 381 MW.

The plant, whose construction began in May 2016, has three generators, three gas turbines and one steam turbine, giving it a total installed capacity of 381 MW.

Investor Sought for 380 MW Gas Plant

June 2014

The company which won the tender is offering 70% of the shares in the project in order to get funding for its development.

Mutual fund companies, power generators and distributors in South America, the United States and Europe have shown interest in the work estimated at $900 million, which includes the construction of a parallel dock measuring 1200 meters and a floating storage tank.

AES Seeks Permission for Gas Power Plant in El Salvador

November 2011

The company is working on updating its environmental permits in order to build the plant that will generate energy from natural gas.

The power station will have capacity to generate 550 MW and require an investment of $970 million.

AES has also begun the search for manufacturers and construction companies to help build the plant.

$ 27.7 million for Gas Plant in Guatemala

May 2011

On approval of the project, Grupo Tomza will confirm its investment of $ 27.7 million in the construction of the terminal.

The new environmental impact assessment (EIA) submitted by the company, which is currently under consideration, suggests moving the location of the plant by about 500 meters in order to ensure that the impact on flora and fauna will be temporary and can be mitigated by forestation plans .

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