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.
Michael Till, director of Actis told Elperiodico.com.gt "...
Eighteen companies specializing in wind energy want to sell electricity in the country.
Cutuco Energy, Renewable Energy and Eólico San Antonio el Sitio are among the companies seeking to participate in the tender to prepare three electricity distribution centres in the country.
An article in Siglo21.com.gt notes: "The tender is looking to get the best price the flow of 800 megawatts (MW) to cover the supply contracted in the 1990s, known as “Contratos Preexistente” (Pre-Existing Contracts) which begin to expire in May 2013 ".
At least 10 companies have already acquired the bidding rules ready to present bids on 28 October.
Among the companies interested in bidding is Centrans Energy which operates a wind farm in the Pacaya volcano area, which generates 50 MW and represents an investment of $125 million.
An article in Elperiodico.comgt states "The bidding rules require that at least 60 percent of the 800 MW must be generated by renewable power plants (hydroelectric, wind, solar, etc.) and a maximum of 40 percent for existing plants (bunker, diesel and coal) The traditional power plants can bid for contracts of up to 5 years, compared to the renewables whose contracts can be up to 15 years long."