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Guatemala: 300 MW Plant Halted Due to Business DisputeWednesday, January 22, 2014 The construction of the Jaguar Energy power plant has been delayed by eight months because of severe conflict with the Chinese construction company. Eight months after the agreed period for delivery of the project by the companies China Machine New Energy Corp. (CMNC) and Jaguar Energy Guatemala (Jaguar Energy), in charge of the construction of the power plant based on coal with a capacity of 300 MW in Escuintla, the work has bee halted. 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." Increase Penalties in Contract with Jaguar EnergyThursday, May 30, 2013 The National Energy Commission of Guatemala has approved the amendments in the contract with the concessionaire, in the event that the power plant is not operating in September 2014. "According to the amendments, there is an increase of $6.5 million in the penalties which add up to a total of $28 million, there is also an increase of $9 million in the preoperative guarantees, going from $36.3 million to $45.3 million," noted an article in S21.com.gt. The penalties would be applied in the event that Jaguar Energy does not have the first phase operational, in which 150 MW will be produced, in September 2014. World Energy Holdings & Research Denounced as ScamTuesday, December 6, 2011 The company sold at least $2.5 million in stock, claiming to own five hydroelectric projects in Guatemala, and promising yearly returns of 60%. But the projects featured in the firm’s promotion materials, announced as being under construction, are not owned by the company. They exist, but do not belong to World Energy Holdings & Research (WEHR), instead they are tenders by the National Institute of Electrification (INDE) since 1982, which have never been awarded to any bidder. They are still available for concession, with no real progress for their eventual development. The Push for Wind Power in Costa RicaMonday, October 27, 2014 The wind power projects currently under development in the country by national and foreign investors have a combined capacity of 185 MW. Data from the Costa Rican Electricity Institute (ICE) shows that during 2013 energy from renewable sources accounted for 88% of total production in the country. Among the companies currently investing and seeking further development in the energy sector are Globeleq Mesoamerica Energy, Group Ecoenergía and Coopeguanacaste, Tilawind. Financing for 378 MW Gas PlantThursday, March 21, 2019 The U.S. government approved up to $350 million to finance part of the construction of the liquefied natural gas (LNG) power generation plant EDP in Acajutla, El Salvador. The U.S. government, through the Overseas Private Investment Corporation (OPIC), approved the financing on March 20, 2019, according to the U.S. Embassy in El Salvador.
$720 Million Wind Farms Announced in PanamaTuesday, July 13, 2010 Energy & Environmental Engineering Corp is to invest $720 million in two wind power projects at Anton Sur and La Colorada. The renewable energy projects are each expected to provide 90 megawatts to the Panamanian national grid. Energy: Guatemala Would be Self-SufficientTuesday, November 3, 2009 World Energy Research (WER) closed three contracts for constructing hydro power plants, and for purchasing their energy production. WER remarks they have full backing from Guatemala's government, and that they will achieve energy self-sufficiency in Guatemala in the near future, through their work on R&D. Guatemala: 58 MW Solar Plant Starts OperationsWednesday, February 4, 2015 The photovoltaic generation plant Horus Energy has been inaugurated, and will be able to deliver power to the state electricity company Energuate for a period of 15 years. This solar plant is the largest in Central America, with capacity to produce approximately 115 GWh per year. ONYX Group invested $100 million in construction and commissioning of the plant in the area of Chiquimulilla, Santa Rosa. 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) SunEdison Buys Globeleq Mesoamerica EnergyFriday, June 19, 2015 Actis and Mesoamerica have agreed to sell SunEdison 100% of its interest in Globeleq Mesoamerica Energy, which operates in the area of renewable energy plants. From a statement issued by Globeleq Mesoamerica Energy: El Salvador: $35 million in Solar Energy AnnouncedWednesday, October 16, 2013 Having already signed a contract to supply power to an electricity distributor, an announcement has been made of the construction of a 10MW photovoltaic generator. Elsalvador.com reports that "U.S. firms Perfect Energy and Solar Horizon, along with a Salvadoran investor have joined their capital and announced the creation of the company SolEnergy Farms, which plans to begin construction of a photovoltaic plant in January 2014, according Marwan Zakhem said its president. Consequently, the company has already signed a contract with the distributor DelSur to sell the first 10 megawatts (MW) of generation of this plant, which is to be located in the municipality of Tecoluco , department of San Vicente." Honduras: 50 MW Wind Farm Starts OperationsMonday, February 16, 2015 An announcement has been made of the launch of a wind power generation plant built and operated by the company Terra Energy in San Marcos de Colón, in the department of Choluteca. The plant has the capacity to generate 50 MW, with 25 wind turbines and is located south of the capital. The project required an investment of $100 million and was completed before the agreed time, three years. Geothermal San Jacinto Tizate Begins OperationsThursday, September 1, 2011 The system will be tested in October and in December steam from the plant’s wells will generate 36 MW which will be delivered to Nicaragua’s electrical system. Executives from the company, Polaris Energy, responsible for the project, said that tests will start in October and in December the plant will be directly connected to the National Interconnected System (SIN in Spanish). |
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Tuesday, April 16, 2024 - last update: 2:45 pm
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