Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras and Panama.
Panama: Only One Company Participates In Mutli Million Dollar TenderThursday, May 2, 2013 The Panama company NG Power was the only bidder in the tender to generate electricity from natural gas for 20 years at a price of 8 cents per kilowatt hour. "The prices are pretty good. We will take the necessary steps to make a final decision for the contracts," said Fernando Marciscano CEO of the Empresa de Transmisión Eléctrica, S.A. (Etesa), while downplaying criticism of the bidding process in light of the fact that at last moment only temporarily or permanently licensed firms were allowed to participate, when the tender had originally been open," noted an article in Prensa.com . Panama: Financing for 381 MW PlantMonday, May 23, 2016 The construction of the energy generation plant using natural gas by AES Colon will be financed with a syndicated loan from the CABEI, Banistmo, Bancolombia and other banks. Those involved in the syndicated loan are Banistmo, Bancolombia, the Central American Economic Integration Banco General and Global Bank, reports Capital.com.pa. The plant, which will have the capacity to generate up to 381 MW of energy from natural gas, was announced in 2015 by the company AES Colon, who was awarded the contract to supply 350 MW of power. Gas Plant Construction Still Unresolved in GuatemalaThursday, August 25, 2011 The regulator has still not issued an opinion on the Environmental Impact Assessment (EIA) submitted by Grupo Tomza to build a gas plant in Punta de Manabique. The new Environmental Impact Assessment (EIA) presented by the company includes moving the location of the plant by about 500 meters to ensure that the impact on flora and fauna will be temporary and can be mitigated through forestation plans. Panama: Law Encourages Natural Gas EnergyFriday, August 3, 2012 President Martinelli has signed into law incentives for the construction and operation of electricity generation plants using natural gas. A statement from the Presidency of Panama reads: Peruvian Gas to El Salvador?Tuesday, May 18, 2010 The natural gas and combined cycle facility under construction at Port La Unión could be supplied with gas shipped from Camisea, Peru. In early 2011, Peru will start outputting and distributing gas from its giant fields in Camisea, 500 kilometers west from Lima. This could trigger a change in the energy mix of El Salvador, moving towards cleaner, more efficient and cheaper energy. Natural Gas Monopoly in Costa Rica?Thursday, July 11, 2013 A bill in Congress could expand the state monopoly held by Recope to the LNG market. Nacion.com reports: "The initiative was presented by five members of the Citizen Action Party (PAC by its initials in Spanish), with the intention of safeguarding the hydrocarbon, taking into account a legal loophole which could leave it outside of state control. If the law reform comes to fruition it would create a monopoly on liquefied natural gas, just as with other fuels. " Panama: Fuel Consumption Up 4%Tuesday, February 21, 2017 In 2016 total consumption increased by 4% compared to 2015, mainly explained by an 18% increase in consumption of 95 octane gasoline and 12% in bunker C. Total consumption of gasoline, diesel, bunker C, liquefied petroleum gas and other fuels rose by 4% in 2016 compared to the previous year. In the case of gasoline, the highest increase was recorded in 95 octane, which increased by 18.5%, while consumption of regular gasoline or 91 octane fell by 3.6%. Guatemala: Natural Gas Power PlantThursday, August 23, 2012 A tender is being prepared for the installation of a 200 MW power plant to generate electricity from natural gas, with an anticipated investment of $380 million. The tender is scheduled to be released in October. The start of operations could be in 2015. Gas dispute blights Costa Rica trade deal with MexicoWednesday, April 30, 2008 The 1995 free trade agreement between Mexico and Costa Rica is under threat as the result of a dispute over liquefied petroleum gas (LPG), the fuel of preference in much of the region. The Mexican companies that distribute LPG in Costa Rica claim that the government discriminates against them, even though they comply with all of the nation's regulations as well as those of the FTA. Concessions for Oil and Gas Explorations in PanamaFriday, August 9, 2013 President Ricardo Martinelli has announced that concessions for prospecting and exploring oil and natural gas will be awarded before the end of year. Laestrella.com.pa reports that "The President addressed the issue when speaking about the interest that his administration has in getting more companies interested in investing in the production of sugar and ethanol in Panama." Cutuco Studies Selling Energy to GuatemalaTuesday, October 6, 2009 Salvadoran project Cutuco Energy Central America is analyzing selling natural gas energy to Guatemala in 2013. Company spokespersons are currently in Guatemala holding meetings with authorities and potential buyers. Colombian Company Pacific Rubiales will Export Gas to C.A.Thursday, January 21, 2010 On mid-2010, the company will begin shipping 30 million cubic meters of compressed gas to Panama each day. The announcement was made by Pacific Rubiales president Ronald Pantin, who explained that the gas will be used to supply gas-fired generation plants. Panama Negotiates Import of Gas with EcopetrolWednesday, September 8, 2010 Authorities are investigating the possibility of importing natural gas from Colombia. The Colombian company's participation in the Panamanian market would reduce the use of bunker and diesel fuels, thereby cutting the power generation costs. AES Gas Power Plant will Operate in April 2011Wednesday, November 17, 2010 The $43 million plant is the first powered by natural gas in El Salvador, and will begin operations in April 2011. The plant, first of its kind in Central America, will have a generating capacity of 6MW to start, expanding in the future to 24MW. |
|