Intervention in Jaguar Energy Power PlantMonday, February 10, 2014 The intervention is part of a lawsuit filed by the Chinese company Machine New Energy Corporation, which is claiming a payment of $11 million. The Sixth Civil Court of First Instance approved the intervention of Jaguar Energy Guatemala (JEG), a company that is building a power plant based on coal to generate 300 MW. The intervention is part of the lawsuit by the Chinese company Machine New Energy Corporation (CMNC), in which payment of $11 million is being sought. Construction: Cost Overruns in Guatemala As WellFriday, January 24, 2014 The Chinese construction company building a power plant for Jaguar Energy was fired for demanding additional payments of $1.5 billion. In a similar story to what is happening in the Expansion of the Panama Canal, where the construction consortium is demanding payment for overruns of $1.6 billion, the construction of the power plant for Jaguar Energy in Guatemala has stopped, because the Chinese company China Machine New Energy Corporation (CMNC) "threatened to suspend the progress of the project if JEG did not accept their claim for over $1.5 billion, which represents three times the value of the construction contract." El Salvador: $5 million for Solar EnergyWednesday, October 21, 2015 Indufoam has announced it will invest $5 million to generate 4 MW solar panels to supply its industrial plant and sell the surplus. Through the company Indufoam Energy Supply, the first stage of the project will be carried out, in which $2.5 million will be invested and which consist of the installation of panels with a capacity of 2.5 MW. The second phase, according to the company, will be carried out next year and will include installing another 2 MW to reach 4 MW. El Salvador: More Investment By Puma EnergyWednesday, November 23, 2016 The plan is to invest $8 million to expand its network of service stations, in order to reach 102 gasoline outlets. In addition to new gas stations, the company Puma Energy also plans to build two other convenience stores of the brand Super 7, increasing the total number of stores to 36. Guatemala: More Delays for Coal PlantFriday, June 5, 2015 Although the coal plant belonging to Jaguar Energy still has problems in testing and is not yet ready to start operating, Energuate has ruled out preparing another tender to replace it. Although in February Energuate mentioned the possibility of convening a new tender to replace the power supply which the plant by Jaguar Energy should have started providing from June, now its director, Dimas Carranza, said that "... New Application Presented for PUMA-ESSO MergerFriday, November 4, 2011 The Superintendency for Competition in El Salvador has agreed to hear a resubmitted economic concentration application by Puma Energy. A press release from the Superintendency for Competition (SC) states: Guatemala Begins Construction of Electric Power PlantTuesday, February 9, 2010 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. Puma Changes Business Model in Gas StationsTuesday, June 12, 2012 The multinational Puma Energy is passing on administration of service stations operations to Nicaraguan entrepreneurs. The Swiss company Puma Energy, which bought Exxon Mobil's operations in Central America, is applying a decentralization policy to the management of its gas stations in Nicaragua. Guatemala: Coal Power Plant Lacking FundingThursday, November 26, 2009 The financial crisis and environmental concerns are jeopardizing the execution of the power plant 'Jaguar Energy'. The project is six month behind schedule, explained José Sarmiento, spokesperson of Jaguar Energy, a $700-million, 300-MW coal power plant. Panama: Odin Energy To Import Bio-dieselMonday, May 17, 2010 Odin Energy Corporation announced its intention of importing bio-diesel B5 from Colombia and re-exporting it to other countries from Panama. The company, listed at the Panamanian Stock Exchange, is building a $20 million bio-diesel mixing facility in Colombia, which should be ready by the end of 2010. Jaguar Energy Plant to Operate in 2014Wednesday, September 5, 2012 The coal powered energy generation plant to be built in Escuintla, Guatemala, will begin operating a year later than expected. The works are 70% complete in civil works, 80% in equipment, 90% in design and 25% in assembly, said José Sarmiento, general manager of Jaguar Energy. Fuel Supply Awarded for $34 millionFriday, December 12, 2014 In Guatemala a contract to supply fuel (diesel or gasoline) to be used by vehicles belonging to the National Civil Police was awarded to the company Puma Energy Guatemala S.A. The company Uno Guatemala S.A. also submitted a bid for the supply of fuel, for $34 million, the same amount of as the offer by Puma Energy Guatemala. Despite being for the same amounts, in the assessment the best score was obtained by the company Puma Energy Guatemala SA. Financial Problems in Jaguar Energy?Wednesday, August 22, 2012 Construction subcontractors from the coal plant which must provide 300MW to Guatemala's electrical system, have been laying off workers and slowing down work because of non-payment by the CMNC. An article in Siglo21.com.gt reports that "At the worksite, at kilometer 80 on the Route to the Pacific, it is said that the structure has become paralyzed because some companies have decided to cut staff and this has stopped work because they are running out of funds. The problem is that the body responsible for delivering the turnkey project, the China Machine New Energy Corporation (CMNC), has not paid subcontracted firms, who are complaining about the problem. ' Jaguar Energy Prepares Arbitration With Chinese ContractorThursday, January 30, 2014 $300 million is being claimed for breach of contract for the project to build power generation facilities in Guatemala. Jaguar Energy Guatemala (JEG), has instigated arbitration with the firm China Machine New Energy Corporation (CMNC). The company is claiming $300 million for violations in the construction of a 300 MW plant in Escuintla. "The arbitration has been instigated with the International Chamber of Commerce in Paris and will be effected based on the laws of New York ." EIA Submitted for Nicaraguan Oil ExplorationFriday, April 15, 2011 The company Infinity Energy Resources has completed its Environmental Impact Assessment (EIA) of gas and oil exploration activities in Nicaragua's Caribbean Sea. In a press release Infinity Energy Resources explained that the approval process should take up to 90 days at the end of which the work on seismic mapping of the 560,000 hectare concession area in Nicaraguan waters will begin. |
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