Jaguar Energy Plant Delayed in Start of OperationsFriday, February 15, 2013 Lack of international funding has delayed the construction of the Jaguar Energy power plant in Guatemala, which will begin operations a year later than planned. To date the company has disbursed an amount close to a million dollars to cover the fines established and about $640,000 for the guaranteed stipulated in the contract with the distributors Energuate. Natural Gas Found Underground in Nicaraguan CaribbeanWednesday, April 2, 2014 Infinity Energy has confirmed that the analysis of seismic studies in the Caribbean zone where they have a concession suggest the existence of deposits of natural gas. An article in Rlp.com.ni reports that Stanton E. Ross, CEO of Infinity Energy Resources, noted that "... an analysis of recent seismic data, undertaken by the geosciences company CGG determined, through seismic mapping, 'the presence of a fifth structure below our oil and gas concessions offshore." Oil exploration on Nicaraguan Caribbean coastMonday, December 29, 2008 The government will sign two concession contracts with Infinity Energy for oil and natural gas exploration and exploitation. According to the article from "Proceso Digital," the Nicaraguan vice-minister of Energy and Mining, Lorena Lanzas, pointed out that "the granting of these concessions have already been approved by the Regional Governments of the Southern and Northern Caribbean coast of Nicaragua, in accordance with the law." Fuel Company Changes HandsMonday, September 4, 2017 Puma Energy has announced the purchase of 100% of the capital stock of the Panamanian company Tropifuels, which operates Tropigas fuel service stations throughout the country. In a statement the company dedicated to the distribution of oil and gas explained that with the acquisition of Tropifuels S.A. it will "... Nicaragua Approves Oil Exploration ConcessionMonday, March 16, 2009 Infinity Energy Resources Company, Inc. received government approval to explore 1.4 million acres of the Caribbean Sea coast. The CEO of Infinity Energy Resources, Stanton E. Ross, manifested in the company’s press release: "The final approval of contracts for exploration [of natural gas and oil] and development by the Ministry of Energy and Mines and the Government of Nicaragua will allow the company to proceed with exploration activities." Duke Energy Tenders Guatemalan Plant ImprovementsFriday, May 29, 2009 The American company that operates in Guatemala plans to open a tender for a few replacements of the diesel engines. Officials from the 160-watt Termoelectrica Arizona Plant located in Guatemala, reported plans for the tender, according to an article in IndustrialInfo.com, published in Marketwire.com. Honduras: 130 million dollars available to produce wind energyFriday, May 2, 2008 The Mesoamerica Energy Company will propose to the National Electrical Energy Company construction of a wind park valued at 130 million dollars (2.4 billion lempiras) that's capable of generating 60 megawatts. The initiative comes from the local and regional private sector. A similar project is operating in Costa Rica and another is under construction in Nicaragua. Honduras wind-power project held up by wrangling over priceFriday, May 23, 2008 Mesoamérica Energy's plans to install 100 megawatts of wind power in Honduras is being held up by wrangling with the government over the terms of its contract. "The government is holding out for a kilowatt/hour tariff that represents a marginal cost of 10 percent, but that's not realistic," said Jay Gallegos, executive director of Mesoamérica Energy. 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. Jaguar Energy Plant to Start at Half SpeedThursday, January 15, 2015 An announcement has been made in Guatemala that the coal power plant will start operating partially in May, as it is estimated that only one of the two generating units will be ready by that date. Star Energy, the firm responsible for overseeing the project, announced that there is little chance that the two generating units will be operational in May. However, the first unit will be contributing 140 MW to Energuate by that date. Guatemalan Power Plant Assures FinancingWednesday, March 31, 2010 AEI announced today that it closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala. AEI announced today that its wholly-owned subsidiary, Jaguar Energy Guatemala LLC (Jaguar Energy), closed long-term financing for the construction of a new 300 MW solid fuel-fired power plant located near Puerto Quetzal, Guatemala. Jaguar Energy Tenders Power Plant WorksFriday, January 31, 2014 The company is putting out to tender electromechanical and construction works, having canceled the contract with China Machine New Energy. In mid-February, it will be known if in 6 months the Jaguar project will begin tests on conveyor belts, the turbine and the generator of the first unit of the plant. 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. El Salvador: $5 million for Solar EnergyWednesday, October 21, 2015 Indufoam has announced it will invest $5 million to generate 4 MW solar panels to supply its industrial plant and sell the surplus. Through the company Indufoam Energy Supply, the first stage of the project will be carried out, in which $2.5 million will be invested and which consist of the installation of panels with a capacity of 2.5 MW. The second phase, according to the company, will be carried out next year and will include installing another 2 MW to reach 4 MW. El Salvador: More Investment By Puma EnergyWednesday, November 23, 2016 The plan is to invest $8 million to expand its network of service stations, in order to reach 102 gasoline outlets. In addition to new gas stations, the company Puma Energy also plans to build two other convenience stores of the brand Super 7, increasing the total number of stores to 36. |
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