EPM Buys Guatemalan Utility Company for $ 635 millionFriday, October 22, 2010 Colombian Group EPM acquired 80% stake in Empresa Electrica de Guatemala (EEGSA). Empresas Publicas de Medellin (EPM), leading provider of public services in Colombia, will expand its presence in Central America. TECO challenges Guatemalan tariff actionsWednesday, January 21, 2009 TECO Energy Inc. said earnings at its subsidiary in Guatemala have been cut following actions of a Guatemalan regulatory agency. As publish in bizjournals.com: "The subsidiary, TECO Guatemala Holdings LLC, has filed notice that it will file an arbitration claim against the Republic of Guatemala under the Dominican-Republic-Central America-United States Free Trade Agreement, or DR-CAFTA, TECO said in a filing with the Securities and Exchange Commission. In July, Guatemala’s National Electric Energy Commission unilaterally reset the distribution tariff for Empresa Eléctrica de Guatemala at levels well below the then existing tariff, the filing said. TECO Guatemala Holdings has a 24 percent interest in Empresa through a joint venture, and the action caused a “significant reduction” in earnings for the joint venture segment, the filing said." Guatemala: 43 Companies Interested in Power TenderThursday, January 5, 2012 Forty-three companies have acquired the specifications to participate on 26th January in the tender for the provision of 800MW of power for the next fifteen years. Of the companies interested, 11 are non-renewable generation plants and 11 generate energy from renewable sources (hydro and wind). Authorities Open Bids for Guatemalan Electric NetworkMonday, December 14, 2009 From the three companies, the lowest-priced bid was submitted by EEB-EDM Proyecto Guatemala. The contract will be awarded on January 22, 2010, after the proposals are evaluated by energy authority CNEE. Three Companies Bid for Overseeing Electrical GridTuesday, August 25, 2009 The winning company will be announced by Guatemala's 'Junta Calificadora' on August 27th. The offers presented for supervising the construction of the new electricity distribution network range from $5 million to $13 million. Guatemala: Spanish company, Unión Fenosa, Receives Energy OffersFriday, August 6, 2010 Eight power generation companies have submitted technical and financial offers to supply 240MW. The participating companies include hydroelectric power generators Hidroxacbal and Renace as wells as Generadora del Norte, Puerto Quetzal Power (PQP), Generadora del Este (in conjunction with Electrogeneración), the La Laguna power plant, Duke Energy International and the Magdalena cogeneration project. Guatemala Proposes Energy Efficiency PlanWednesday, November 25, 2009 It is called 'Integral Plan for Energy Efficiency', and if it becomes a reality, the country could save $4 billion in the next 15 years. Several companies have bid for developing the program's action plan, which must start on June 2010. Tender for Power in GuatemalaFriday, January 31, 2014 Empresa Electrica de Guatemala is preparing to release in March a tender for the supply of short-term power for the period 2014/2017. In March, Empresa Eléctrica de Guatemala, will offer a short term tender for the period 2014/2017. State of Guatemala Sued for $672 MillionMonday, December 7, 2009 The lawsuit was filed by Iberdrola, main shareholder and operator of EEGSA (Empresa Eléctrica de Guatemala, 'Electric Company of Guatemala'). It is the largest in Guatemala's history, and has its root in lack of agreement regarding an energy distribution tax called 'VAD' (Valor Agregado de Distribución), which came into effect on August 2008. Guatemala: Energy Tender AnnouncedTuesday, January 19, 2016 Energuate and Egsa will be holding a briefing on the tender for the supply of electricity for the period May 1st 2016 to April 30th 2020. Empresa Electrica de Guatemala SA (EEGs) wishes to contract out more than 100 MW annually and the volumes that are to correspond to each distributor are variable, said Carlos Rodas, manager of planning to Prensalibre.com. Increased interest in Tender for 600MW in GuatemalaThursday, October 25, 2012 Fifty-eight generators have acquired the documents for the tender for up to 600MW for a period of 15 years from May 2015. The technical and financial bids will be received by Empresa Electrica de Guatemala, SA (EEGSA) and Energuate up until Monday, October 29, 2012. Energy: 63 MW Awarded in GuatemalaMonday, April 8, 2019 Guatemala's National Electrification Institute was awarded the contract to supply 63 MW of power for the period from May 1, 2019 to April 30, 2020. In a tender process convened by Empresa Eléctrica de Guatemala, S.A. (EEGSA), the Instituto Nacional de Electrificación (INDE) was awarded the contract for the energy supply, after this participant offered the lowest price. Guatemala: Wholesale Electricity Market - April 2016Monday, May 2, 2016 In April, four new companies received business licenses as Large Users in the Wholesale Market. From a Bulletin by the Wholesale Market Authority:
MARKET STUDY
Household Appliances: Market Share of the Ovens MarketWednesday, February 19, 2020 In Central America, it is estimated that Mabe, Panafoto, Elektra Guatemala, El Gallo mas Gallo de Alajuela, GMG Comercial and Corporación de Supermercados Unidos, account for about 16% of total imports of microwave and electric ovens. A study by the Trade Intelligence Unit of CentralAmericaData indicates that Distribuidora Electrónica, Whirpool Guatemala and Operadoras de Tiendas S.A., are other companies that have a considerable share in the Central American market for electric ovens. Guatemala Looking for Suppliers for 800 MW of PowerWednesday, March 30, 2011 CNEE, the energy commission, explained the bidding rules and procedure to a group of Spanish investors and businessmen. 30 companies participated in this event, of which 17 are interested in participating. |
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