IDB to Finance Pipeline from Mexico to Guatemala

The IDB is discussing providing $300 million in financing, of the total cost of $700 million required for the project.

Monday, January 20, 2014

The pipeline which Petroleos Mexicanos (Pemex) is considering building at a cost of $700 million, between Guatemala and Mexico, could be funded by the Inter-American Development Bank (IDB) which is analysing provision of a loan of $300 million, as confirmed by Guatemalan President Otto Pérez.

"The pipeline will be 500 kilometers long and would go from the port in the Mexican city of Salina Cruz, Oaxaca state, in the south east of its neighbouring country neighbor, to the department of Escuintla."

"The authorities estimate that its operation will reduced the cost of thermal power generation for Guatemala by up to 75% ."



More on this topic

Honduras: Loan to Renovate Hydroelectric Station

March 2015

The Inter-American Development Bank has approved a $23 million loan to renovate the Canaveral - Rio Lindo hydro station and its connection to the national grid.

From a statement issued by the Inter-American Development Bank (IDB):

The Inter-American Development Bank (IDB) has approved a loan to Honduras for $23 million for the renovation of infrastructure for generation at the Canaveral - Rio Lindo hydro station; renovation of transmission assets that connect the station to the national grid; and improving operational and commercial efficiency of generation management of the National Electricity Company (ENEE).

Formal Agreement for Pipeline from Mexico to Guatemala

May 2014

The presidents of both countries have signed an agreement to build a $1 billion pipeline which could spread southwards in the future.

Construction of the pipeline, which will cover 600 km connecting Oaxaca in Mexico, with Escuintla in Guatemala, will be completed in a period of four years and will include a gas-fired power plant capable of generating 300 megawatts (MW).

Central America Gas Pipeline Project Resurfaces

January 2014

The Mexican government is considering constructing a pipeline and eventually a refinery to supply the region.

Miguel Hakim, Mexican Secretary for Latin America and the Caribbean, said his country is considering building a refinery and natural gas pipeline which would cross the isthmus and would be an alternative option for generating power at low cost. Petroleos Mexicanos (Pemex), has $2 billion to invest.

IDB to Support Pipeline Between Guatemala and Mexico

September 2013

The Inter-American Development Bank has expressed interest in funding the feasibility studies for a gas pipeline between Guatemala and Mexico.

From a press release from the Government of Panama:

President Otto Perez Molina told a press conference in New York that executives from the Inter-American Development Bank (IDB) expressed interest in funding feasibility studies for a gas pipeline between Guatemala and Mexico.

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