New Hydroelectric Project in Guatemala

The group, Corporación Castillo Hermanos, owners of Cervecería Centroamericana, plan to invest $250 million in a second hydroelectric plant generating 100 MW later this year.

Wednesday, April 18, 2012

Juan Monge, Vice President of the Administrative Council of the Corporación Castillo Hermanos, said the consortium is diversifying its investments to include electricity generation.

The manager said it will invest in a hydroelectric plant near the port of San Jose, near Escuintla. The group already has the hydroelectric station Posa Verde, Santa Rosa. With the new project they plan to generate 100 to 110 MW within 9 months, an amount much higher than the 14 megawatts generated currently.

More on this topic

Costa Rica: The Luxury of Misery

January 2018

With 19% endemic poverty, 10% open unemployment and 40% informal employment, and some of the highest electricity rates in the region, Costa Rica is opposed to $1 billion in clean energy investments.


By Jorge Cobas González

Guatemala: Delays in Energy Projects

December 2013

Delays in the construction of 45 power plants which have already been awarded are mainly due to social issues and permits.

According to Edwin Rodas, Deputy Minister of Energy, 40% of these projects have been delayed because of financial issues, social problems and lack of permits for easements. Starting May 2015 these plants will have to supply power to Energuate and Empresa Electrica de Guatemala SA (EEGSA).

Obama Could Bring Clean Energy Investments.

April 2013

In his meeting with the Central American presidents, President Obama could raise the matter of potential investments in the region by specialist U.S. companies in the sector.

In Central America, most of the investments in electricity generation with plants based on renewable resources, so far have been from Europe.

Actis to Invest in Clean Energy in Guatemala

May 2011

The investment fund that acquired the operation of Natural Gas in Guatemala has announced other investments in renewable energy generation.

For $345 million, Actis, a British investment fund, acquired 90% of the shares of the Eastern and Western Distributors of Energy (Deorsa and Deocsa) from Gas Natural Fenosa.

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