Energy Projects Dynamize CreditsMonday, February 4, 2019 In Panama, bank credit for power generation projects grew 39% by November 2018, and the increase was mainly due to loans for clean energy projects. According to the latest report of the Superintendence of Banks, in November last year the portfolio of loans granted to the country's industrial sector totaled $3.309 million, equivalent to a 30% increase over the $2.537 million reported in November 2017. New Fuel Dealer in TocumenWednesday, September 12, 2018 This week the company CLH Aviación started providing fuel supply services at Tocumen air terminal in Panama. After having won the tender to supply fuel and lubricants at Tocumen International Airport and regional terminals in 2017 for a period of 120 months, the company CLH Aviación stated that it has successfully started providing operations and maintenance services and supplying fuel at the air terminal. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
Costa Rica: More Fuel at the Airport in LiberiaMonday, October 5, 2015 The state run oil company has announced it will build a third storage tank for A-1 Jet fuel at the International Airport in Liberia. From a statement issued by the Government of Costa Rica: Costa Rica: State Wind Farm Suffers LossesWednesday, July 29, 2015 The high cost of production exceeds the average sales price for energy, and almost doubles the average purchase price from its main supplier, the Instituto Costarricense de Electricidad. An audit report by the Comptroller General of the Republic of Costa Rica said that the state wind power project run by the Compañía Nacional de Fuerza y Luz generated losses of just over $1 million, and that "inconsistencies were determined in revenues, costs and results of the indicators of financial viability of the project; specifically the quantity and value of the expected annual energy was overestimated; and investment costs, operation and maintenance were underestimated. Also, there was no evaluation of possible sources of finance for the investment, the financial effect on the CNFL SA of the established financing scheme, implementation, operation and acquisition of Parque Eólico Valle Central. " Korea Sells Solar Panels to Honduras for $45 millionThursday, February 20, 2014 The project to provide electricity to 18 thousand families using solar energy will be funded by the Export -Import Bank of Korea at 0% interest. According to the agreement signed by the Honduran government, "suppliers of the goods and services necessary for the implementation of the project will be selected through public competition between companies in South Korea." New Wind Power Plant in Costa RicaMonday, January 6, 2014 By the end of 2014 the Spanish company Gamesa expects to complete the construction of a 50 MW wind farm in the province of Guanacaste. From a press release by Gamesa: AES Changuinola Issues Bonds for $420 millionMonday, November 25, 2013 It is the biggest issue in Panama within the private sector authorized by the Superintendency of Securities of Panama for $470 million in total. The General Bank was the structuring firm and main buyer of the bonds, the first two series were placed at interest rates of 6.25% and 6.75%. Oil Concessions in Disputed SeasTuesday, July 23, 2013 Nicaragua published a map offering ocean areas for hydrocarbon exploitation while Costa Rica claims ownership over some of these sea territories. In a protest note sent by the government of Costa Rica to Nicaragua, Costa Rica states that "it does not acknowledge or recognize any right or effect or product of any concessions granted in the past or in the future by Nicaragua ... Honduras Lands $298 million For DamThursday, July 11, 2013 The Industrial and Commercial Bank of China will provide the funds to carry out the Patuca III hydroelectricity project. The plant is planned to be built in the eastern region of Honduras, and will have capacity to generate up to 524 megawatts of clean energy with a total price of $1.2 billion. $298 million For Hydroelectric StationFriday, May 17, 2013 Honduras is negotiating with the Industrial Bank of China for financing the first stage of Patuca III hydroelectric dam. "We are happy because we are moving pretty fast in negotiating the terms of the loan, we are looking for the most favorable conditions for the country, we hope that in 30 days we will have closed deal," said Wilfredo Cerrato, chief of the Ministry of Finance. Ex-Im Bank Finances Expansion of Cerro de Hula Wind FarmThursday, March 14, 2013 The $28.6 million loan granted to Energía Eólica de Honduras S.A. will increase the generating capacity of Cerro de Hula to 126 MW. The terms of the loan include the assembly of new wind turbines being the responsibility of 200 North American workers from the state of Pennsylvania. Opportunities in Waste Management and BiomassFriday, June 1, 2012 Dutch companies are to visit Costa Rica in order to provide waste management solutions. A statement from the Chamber of Industry reads: Palo Viejo Hydrostation Starts Generating in GuatemalaFriday, March 16, 2012 The Enel Green Power Plant has an installed capacity of 85 MW, bringing the total capacity of the five generators in the country belonging to the Italian group to 161 MW. The new plant is a "run-of-the-river" type, i.e. it does not have a dam or reservoir, and it will be able to generate 370 million kWh a year, avoiding the emission of 280,000 metric tons of CO2 annually, according to a statement released by the company. Taiwan Still Interested in NicaraguaTuesday, September 6, 2011 Two companies will install production plants, one for solar panels and one for cardboard boxes. The trade agreement signed in 2008 has boosted Taiwanese investments in Nicaragua and created closer diplomatic and commercial ties between both nations. |
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