The state-owned company LaGeo plans to invest in its geothermal fields in Chinameca and San Vicente to increase its generation capacity to an additional 80 megawatts.
In order to finance the works, the public company LaGeo, a subsidiary of the Lempa River Hydroelectric Executive Commission (CEL Group), is negotiating a $232 million loan with the World Bank.
The construction of a thermoelectric plant in Panama, a food processing plant in Costa Rica and a vertical residential complex in Guatemala are part of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.
In 2016, the average cost of 1 kWh in Central America was 13.48 cents, while in Costa Rica, it was 18.47 cents.
A report from the CEPAL indicates that in 2016, the average cost of one kilowatt hour (kWh) in Central America was 13.48 cents, while in Costa Rica it was 18.47 cents; 37% more for industrial consumption of 100,000 kWh.In El Salvador and Guatemala, it was 11.03 and 11.54 cents respectively. In Panama, 10.92 cents.
Wärtsilä has been contracted to supply a major Flexicycle power plant to Energía del Pacífico S.A. in Acajutla, El Salvador. It will be the largest and most efficient power plant in El Salvador, and the first in Central America to be fired by LNG-based natural gas.
The order is estimated to be included in Wärtsilä’s order book in 2016, and the plant completion is scheduled for 2018. The value of the order is approximately EUR 240 million.
Gator Partners has obtained a provisional license to build in Bahia Las Minas, Panama, a power plant with a capacity of 400MW, based on ethane.
Gator Partners is planning to build and operate a power plant called "Térmica Energía Corotú" which will operate using ethane gas with a combined cycle plant with a capacity of 400MW.
The project sponsor, Gator Partners LataAm SA is a public limited company established in the Township of Panama City and was registered on November 11, 2014, with the Folio No. 155 585 316. The legal representative is a Panamanian, Oguel Alejandro Suero.