Both governments are considering building a 2000 MW dam on the Usumacinta river border, in northwestern Guatemala.
The authorities of the Guatemalan and Mexican governments are considering the possibility of building a dam on the border river, with investment being shared between the two countries, along with the energy produced.
The president of Guatemala, Otto Perez Molina told Eleconomista.net that "...
The Guatemalan government has granted a 50-year concession for the construction and operation of the Hydroelectric Station Recreo II, in the town of San Felipe Retalhuleu.
An article on Nacion.com reports that "... Through the agreement 215-2014 published today in Diario de Central America, the MEM allows installation of the plant for a period of 50 years. The agreement is signed by the Minister Erick Archila. "
The Guatemalan government plans to raise $400 million to produce 181 megawatts of hydroelectric power in Alta Verapaz.
This was announced by the chief of Energy and Mines (MEM), Erick Archila. Initially, "the design of this project included generating up to 350 MW, however, in 2005 a study reduced its potential to 181 MW which is the same as the current proposal by the the country's energy authorities," noted an article in S21.com.gt.