The Rising Cost of Power in GuatemalaWednesday, August 28, 2013 Although in recent years the more expensive bunker fule has been less and less used to generate electricity, the energy cost for manufacturers has increased by 44%. Data from the Wholesale Market Administrator (AMM) shows that the energy generated from renewable resources went from covering 47.3% of demand in 2007 to 60.8% in 2012. Besides this electricity generation with bunker fuel decreased going from 36.4% to 20% in the same period. Jaguar Energy Has Permit But No ContractThursday, July 2, 2015 The Wholesale Market Administrator of Guatemala granted the coal plant commercial and operational permission, days after Energuate cancelled its supply contract. With the formal permission to operate as a generator granted by the Wholesale Market Administrator, Jaguar Energy is trying to revive the contract that Energuate canceled for not being ready to supply power from May 17. Oil Contract Awarded in GuatemalaWednesday, October 19, 2011 Without disclosing the name of the company, the Ministry of Energy and Mines has announced that they have awarded a contract for exploration and exploitation of oil in Petén. The Minister of that department, Alfredo Pokus, noted that they won't reveal the name of the contractor until the company itself has been notified. 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). Only Two Bids for Oil Tender in GuatemalaWednesday, June 1, 2011 Only two companies, Perenco and City Petén, have submitted bids for the Yalcanix block, located in Petén. For the other three areas tendered, San Francisco, La Libertad and Xacbal, no bids were received at all. The Ministry of Energy and Mines will decide whether to convene a new tender. British Company Actis to Invest More in GuatemalaTuesday, June 7, 2011 The English electricity firm, Actis, has reaffirmed its interest in investing in the energy sector over the long term. Having purchased the Catalan company Gas Natural Fenosa’s shares, Actis representatives will enter the electricity market in Guatemala, but not before analyzing the conditions and characteristics of the market and its consumers. Guatemala Authorizes HydroelectricsTuesday, September 20, 2011 The National Energy Commission has endorsed a number of hydroelectric generation projects that currently lack authorization to use the river flow. Among the approved projects are hydroelectric La Perla (in San Miguel Tucurú, Alta Verapaz), presented by Hidrosacpur S.A., with a capacity of 3.7 megawatts and the Santa Teresa project, which will provide 16 megawatts for the system, presented by Agrocomercial Polochic. City Petén to Explore Oil in YalcanixWednesday, September 28, 2011 The regulator has awarded the company City Petén a concession for oil exploration in the Guatemalan location. City Petén has a $30 million investment plan for the first three years, compared with $11 million held by the other participating company Perenco. $ 27.7 million for Gas Plant in GuatemalaTuesday, May 24, 2011 On approval of the project, Grupo Tomza will confirm its investment of $ 27.7 million in the construction of the terminal. The new environmental impact assessment (EIA) submitted by the company, which is currently under consideration, suggests moving the location of the plant by about 500 meters in order to ensure that the impact on flora and fauna will be temporary and can be mitigated by forestation plans . 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. Electricity Consumption Rises in GuatemalaWednesday, August 26, 2009 Demand for electric energy is growing since early July, with many considering it a recovery sign for the economy. An article in Elperiodico.com.gt reports: "In the first half of the year, electricity demand was low, due to economic deceleration. However, starting July demand has increased, reaching 1.400 MW, a similar level to last year's high". Project 'Guatemala's Technological Corridor' Kicks-OffFriday, December 4, 2009 The $12 billion infrastructure project aims to connect the Atlantic Ocean with the Pacific by 2015. It comprises the construction of a four lane highway linking City Pedro de Alvarado, in Moyuta, with Port Santo Tomás de Castilla, in addition to a cargo rail line and gasoduct. Guatemala Stops Buying Mexican ElectricityFriday, September 10, 2010 Purchase of electricity coming from Mexico halted on 31 August due to the expiry of a temporary contract. The exchange will resume once the new contract comes into force between Guatemala's National Electrification Institute and Mexico's Federal Electricity Commission (CFE in Spanish). Guatemala Will Put Oil Fields Out To Tender by 2011Monday, September 20, 2010 The Mining and Energy Ministry (MEM) will put out to tender six oil fields located in Peten, Quiche and Alta Verapaz in 2011. The tender is scheduled for January 2011, said Alfredo Pokus, Deputy Minister of Mines and Hydrocarbons. Documentation will be made available over the course of the week to the General Secretary office, to be reviewed and approved. Bio-fuel Crop Areas in GuatemalaFriday, December 3, 2010 According to a study by the OAS, the country has at least one million hectares suitable for cultivation of bio-fuel. The report was commissioned by the Organization of American States (OAS) to the firm Hart Energy and was delivered this week the Ministry of Energy and Mines (MEM). |
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