Nicaragua: Blue Power Energy Contracts Approved

Regulators approved energy contracts signed between Blue Power and Disnorte-Dissur.

Wednesday, January 5, 2011

The 20 year contracts set the price of a megawatt produced initially at $ 104.5.

"David Castillo, President of the Board of the INE, recently confirmed that the evaluations of the contracts with all the required information supplied by the company were approved and ratified ... He added that while price was set at $ 104.5 per megawatt produced, they managed to make changes to reduce the rate of adjustments which take place every year, saving up to $ 20 in total generation costs," reported Roberto Morales in his article at Laprensa.com.ni.

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Contract for 150 MW Coal Plant Rescinded

June 2014

Nearly seven years after the work was awarded, the contract with the Guatemalan CECHSA for the construction of a 150 MW coal plant in Honduras has been cancelled.

After several years of problems obtaining financing without making any progress in the work, Empresa Nacional de Energía Eléctrica de Honduras has decided to formally terminate the contract with the Comercializadora de Electricidad de Centroamérica de Honduras S.A, to whom it had awarded the work directly during the administration of Manuel Zelaya.

Honduras: Purchase of 560 MW of Renewable Energy

June 2014

The government has ratified contracts with hydroelectric, biomass and geothermal power generators for 450 MW, 70 MW and 40 MW, respectively.

A few days before the entry into force of the new General Law on the Electricity Industry, which prevents Empresa Nacional de Energía Eléctrica from making contracts without using a tender process, the Board of Directors of the company has approved the purchase of 560 MW.

Honduras: Renewable Energy Industry Denounces State Electricity

February 2014

Renewable energy producers are complaining of indifference on the part of the National Electric Power Company, which has still not signed the supply contracts.

The National Electricity Company (ENEE) is indifferent as to the approval of contracts for renewable energy supply, explained a representative of the sector, Elsia Paz.

Increase Penalties in Contract with Jaguar Energy

May 2013

The National Energy Commission of Guatemala has approved the amendments in the contract with the concessionaire, in the event that the power plant is not operating in September 2014.

"According to the amendments, there is an increase of $6.5 million in the penalties which add up to a total of $28 million, there is also an increase of $9 million in the preoperative guarantees, going from $36.3 million to $45.3 million," noted an article in S21.com.gt. The penalties would be applied in the event that Jaguar Energy does not have the first phase operational, in which 150 MW will be produced, in September 2014.

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