The protests which since the beginning of the year have been held by workers in the Cobre Panama project in Colón have paralyzed work on the power line and the 300 MW thermoelectric plant.
The labor dispute that has prevented the project from progressing arose after both parties, the workers' union and the company Minera Panamá, accused each other of not complying with some points of the agreement made between them in January, with intermediation on the part of the Ministry of Labor.
The government has extended, until December 31 this year, the decree from August 2016 that temporarily increases import tariffs for flowers, coal, clinker and clothing.
From a statement issued by the Presidency of Panama:
The 150% plummet that exports have suffered in the last two years is attributed to a fall in international prices of metals.
The fall in international prices of metals is the main reason behind the drop of almost 150% in foreign sales in the mining sector from 2015 to date. In the first half of 2015 the value of exports amounted to $256 million, while in the same period in 2016, it fell to $80.5 million, according to the Honduran Institute of Geology and Mines (Inhgeomin).
The company has said it is not ruling out expanding the capacity of power generation at the coal-based plant from 300 MW to 600 MW.
The announcement was made by the country manager of the company, Todd Clewett, who confirmed to Capital.com.pa that the land where the plant is located has enough to size double the floor space if required.
After two years of negotiations, the Guatemalan government has agreed to eliminate the tariff of 5% on imports of bituminous coal from the South American country.
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.
Representatives of companies in the sector and investors will meet from 2 to 5 March in Canada in order to take part in the business conference.
The Prospectors and Developers Association of Canada (PDCA) has organized since 1932 the Annual Mining Convention which is attended by companies involved in the industry of mining exploration and exploitation in various countries.
After an investment of $80 million the Magdalena mill has opened its new plant which gives it a further 56MW of generation.
With this expansion the mill now provides up to 125 megawatts (MW) to the national system and covers its own consumption needs for industrial production.
The plant expansion consists of a new boiler containing 220 metric tons of steam and a turbine of 62MW, said Pedro Pablo Luna, the mill’s project manager.
The ban on power plants based on coal, natural gas or any petroleum product is unreasonable and constitutes an obstacle to development.
In April last year, the municipalities of La Union and Conchagua issued an "Ordinance on the Environment", which expressly prohibited the installation of power plants based on coal, liquefied natural gas or any derivation of hydrocarbons.
The Magdalena Sugar Mill will invest the money in its power plant in order to replace the current consumption of bunker fuel for coal.
The new plant will increase generation capacity to 120 megawatts. Located in La Democracia, Escuintla, it is expected to begin operations in January 2013.
"According to the project two turbo generators will be installed, each one " ...
AEI announced today that it closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala.
AEI announced today that its wholly-owned subsidiary, Jaguar Energy Guatemala LLC (Jaguar Energy), closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala. The $350 million facility is a 10-year construction and term loan formed by a syndicate of regional and international banks led by Banca de Inversion Bancolombia Corporación Financiera, S.A. (BI Bancolombia) and the Central American Bank for Economic Integration (CABEI).
The Energy Minister informed that the construction of Jaguar Energy power plant will begin in the next months.
It will take 40 months and $700 million to build, and will generate 300 MW when ready. It will be developed by AEI, an international corporation focused on energy projects.
With this investment the company hopes to produce 300 megawatts which will be in addition to the 234 megawatts being produced, making the total produced by the company 534 megawatts.
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