Through the creation of four new state-owned companies, President Ortega seeks to control the exploration and exploitation of oil in Nicaragua, as well as the import, storage, distribution and marketing of gas and fuels.
With the approval of the law initiatives, the government seeks to transfer the control that Alba de Nicaragua S.A. used to have in this market. (Albanisa), which was sanctioned by the U.S. because of its links with Petróleos de Venezuela, and Distribuidora Nicaragüense de Petróleo (DNP), which was also sanctioned by the same country, in this case for benefiting the Ortega family with non-competitive contracts.
The Ministry of Energy and Mines approved the Rocja Pontila Central hydroelectric project, which will be built on the Icbolay River in Alta Verapaz and will have an installed capacity of 40 megawatts.
The authorization for the hydroelectric plant owned by Proyecto de Desarrollo Integral Pontila, S.A., was issued in Agreement 019-2020 of the Ministry of Energy and Mines (MEM) dated January 13, 2020.
Mainly determined by the performance of the energy supply from thermal sources, between January and November 2018 and the same period in 2019, electricity generation in Panama grew by 3%.
According to the most recent report of the General Comptroller of Panama, 10,173 million kWh were generated in the first eleven months of 2019, which is equivalent to a 3% increase over the 9,877 million kWh offered in the same period in 2018.
From November 20 to 22, the second edition of the Gas and Energy Summit of the Americas will be held in Panama City, where topics related to the financing of energy projects will be discussed.
The second edition of the Gas and Energy Summit of the Americas will combine conferences on strategic topics with high-level government presentations, thematic debates on innovative content, as well as discussion panels for the collective construction of solutions, led by prominent figures from the regional and global energy sector, informed the Ministry of Commerce and Industries (MICI).
The plant was inaugurated on 29 October and forms part of the Bosphorus project, which consists of the commissioning of 10 power generation parks of 10 MW each.
Two decades after selling 49% of the shares of the Bayano hydroelectric dam to AES, the Panamanian government is preparing to begin negotiations to buy the shares held by AES.
The authorization for the government to begin negotiations was completed through Cabinet Council Resolution No.
In Guatemala, the Central American Electric Carrier announced that the works it carries out in sections of the electrical network in Escuintla, Jutiapa, Chiquimula and Santa Rosa, whose global investment reaches $40 million, are about to operate.
Representatives of the company Transportista Eléctrica Centroamericana, S.A. (Trelec), affiliated to Empresa Eléctrica de Guatemala, S.A. (EEGSA), explained that the works that are part of the National Transmission Expansion Plan, such as those executed in the section that goes from Guanagazapa, Escuintla, to Pasaco, Jutiapa, have already been concluded and are in the phase of obtaining permits for connection and start operating.
Because of the behavior of the energy supply from thermal sources, between January and May 2018 and the same period in 2019 the generation of electricity in Panama increased 4%.
The latest report of the General Comptroller of Panama, details that in the first five months of 2019 were generated 4,634 million kwh, equivalent to a 3.9% increase over the 4,460 million offered in the same period of 2018.
Because of the behavior of the energy supply from thermal sources, between the first quarter of 2018 and the same period of 2019 the generation of electricity in Panama grew 4%.
The most recent figures of the General Comptroller of Panama, detail that in the first four months of 2019 were generated 3,672 million kwh, which is equivalent to a 4.1% increase over the 3,526 million offered in the same period of 2018.
Central American countries do not take advantage of the electric transmission line that connects them, because the poor infrastructure at the local level prevents the exchange of energy at the maximum level.
Managers of the Central American Bank for Economic Integration (CABEI) believe that the lack of electrical installations, especially in the stations of each country, are an obstacle to achieve a reduction in final tariffs to consumers.
In Guatemala, interested companies are invited to participate in the energy supply contracting process, which will run for one year and begin in May 2019.
From January to November last year, the country exported $165 million in electricity to Mexico and Central America, 73% more than in the same period in 2017.
The Report of the Monetary, Exchange and Credit Policy of the Banco de Guatemala, details that the energy exportations are mainly caused by the investments made in the electricity transmission network of the country, which has allowed satisfying the increase of the demand coming from El Salvador and Honduras.
In the Dominican Republic, a definitive concession was granted to Levital Group Inversor for the development of a photovoltaic project in the city of Azua, with a $45 million estimated investment.
From the press release of the National Energy Commission:
The lack of incentives for investment in extractive activity could be one of the reasons behind the downward trend in oil production in the country.
During the first ten months of the year, the country reported 2.78 million barrels of production, 5% less than the same period in 2017.
The Ministry of Energy and Mines (MEM) reported that the crude exploitation in the country continues its downward trend, since between the first ten months of 2017 and the same period this year, it fell from 2.93 million to 2.78 million barrels.
In response to the energy exports to Mexico, the CRIE warned Guatemala last month that it must comply with rules that protect the stability of the regional system.
Arguing that Guatemala is a signatory of the Framework Treaty for the Central American Electricity Market, the Regional Electricity Interconnection Commission (CRIE) warned that the norms designed to protect the stability of the Regional Electricity System (SER) must be fulfilled.
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