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: Guatemala Pays Debt to Teco EnergyWednesday, November 25, 2020 After Guatemala paid off its debt to Teco Energy, the $15.75 million embargo was lifted, resources that the country had allocated for interest payments from some Eurobond holders. Arguing that from 2008 to 2013 the Guatemalan National Energy Commission set a maximum amount that electricity distribution companies could charge the user, Teco Energy, a company that was a shareholder of Empresa Electrica de Guatemala, sued the country internationally. 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. 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." Duplication Power Generation TendersFriday, October 25, 2013 Panama launched a tender for 80 MW of backup power generation for the dry season, plus another for new plants for the same amount and same period. Empresa de Transmisión Eléctrica S.A. (Egesa) is the entity which launched the tender for equipment rental and Electricity Transmission Company SA (Etesa) launched the tender for contracts for new plants. Panama: License for 20 MW Solar ParkThursday, June 12, 2014 SDR Energy Panama SA has been granted a provisional license to build and operate a solar plant in the province of Chiriquí called Boqueron. From a resolution issued by the National Authority of Public Services (ASEP) Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
Energy: Lawsuit Against State-Owned CompanyMonday, October 22, 2018 Helium Energy Panama filed a lawsuit against Etesa for non-conformity with the result of a wind energy tender. Helium Energy Panama, a wind energy generator, filed a lawsuit in the Third Chamber of the Supreme Court of Justice against the state-owned Empresa de Transmision Electrica S.A. (Etesa) for more than $50 million. 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. Panama as Solar Energy MarketMonday, June 16, 2014 The growth of electricity demand and favorable prices ranging from between 20 and 40 cents per kilowatt hour have been highlighted as most noteworthy. It is expected that the solar market will add 700 megawatts of new capacity in 2014, representing 2 percent of world demand in the solar market until 2018. This rate requires developers to move with speed in order to enter new countries. Promising Features of the China - Panama AllianceMonday, November 20, 2017 Flights between the Asian country and Tocumen, a feasibility study to build a train to the border with Costa Rica and cooperation in financial, energy and maritime matters, are some of the results on offer from the agreements signed between the Chinese and Panamanian governments. Since the breakdown of Panama's diplomatic relations with Taiwan and the new relationship with the Asian giant was announced in June of this year, the possibilities of creating and developing new business in Panama have multiplied, due to the implications that greater involvement in terms of investment by China would have for the country and the region. Solar Energy: New Park in PanamaThursday, February 7, 2019 On a 98-hectare site in the province of Chiriquí, InterEnergy launched a solar park with a generating capacity of 40 MW, which required a $48 million investment. The new power generation park, called Ikakos, will transport the electricity produced to the Mata de Nance substation through a 13.7-kilometre-long transmission line. License Awarded for Solar Park in PanamaThursday, September 25, 2014 SDR ENERGY PANAMA has received a final license to build and operate for a period of 40 years a plant generating 49.5 MW of solar power in the district of Baru, Chiriqui. From a statement issued by the National Authority of Public Services in Panama (ASEP) Monopolistic Practices in the Electricity Market DenouncedFriday, October 9, 2015 In Panama two companies who took part in the tender for 350 MW announced that they will appeal to the Supreme Court to denounce alleged monopolistic practices by AES, the entity which won the tender. The companies Panamá Power Corp (IPPCO) and Pentacles Energy S.A. have turned to the Supreme Court after not receiving answers from the Electricity Transmission Company (ETESA) and the National Authority of Public Services (ASEP) after having submitted an application for consideration. Panama: 40 Companies Interested in Electricity TenderThursday, June 13, 2013 An award will be given for the construction of the third transmission line Veladero-Llano -Sánchez-Chorrera Panama of 230 kilowatts, and the Associated Substations. The companies who attended the clarification meeting of the tender sought to extend the deadline for the receipt of bids, set for next July 1. |
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