Panama to Cancel Oil ConcessionMonday, April 26, 2010 The government canceled an oil exploration and exploitation concession granted in 2007 to Harken de Panama Ltd. Harken is a subsidiary of Global Energy Development PLC, and had a concession to explore and exploit oil in the gulf of San Miguel, province of Darien. High Grade Petroleum Found in GuatemalaTuesday, April 27, 2010 Quetzal Energy announced it discovered 36 degree API oil when drilling at Atzam #3A well in its 1-2005 Exploration and Production contract area. The Company is very encouraged by the presence of 36 degree API oil in the over-pressured C-12 reservoir which was encountered in a significantly structurally higher position relative to surrounding wells. Panama: Odin Energy Issues $20 Million in StockMonday, November 30, 2009 Odin Energy, a Panamanian company with operations in Colombia, will issue shares through Panama's Stock Exchange. The company is a subsidiary of a Japanese Holding, and will use the money to increase its biofuel production operation in Santa Marta, Colombia. $150 million for carbon plant in GuatemalaMonday, September 1, 2008 Duke Energy International, from the US, will build an 85 Mw carbon based, electric generation plant in Escuintla, Guatemala. Construction works were inaugurated this Friday by the President of Guatemala, Alvaro Colom, who placed the first stone and stated that the new plant is a part of the Government's 4-year energy plan launched on January 14. Honduras: $ 1.8 Million Investment in Ethanol PlantFriday, November 26, 2010 Caribbean Bio Energy and the National Port Company agreed to the installation of an ethanol plant in the port of Castilla. During the first year of operation, the raw material (sugarcane) will be brought from Brazil. Panama: Company Studies Importing Gas From ColombiaWednesday, March 10, 2010 Pacific Rubiales Energy, a Canadian corporation, is studying the Panamanian market, to determine the feasibility of importing gas from Colombia. Eduardo Lima, head of the company, explained that $100 million should be invested in the first phase, to transport compressed gas from Colombia in small ships. Puma Energy to Invest in New Gas Stations in GuatemalaThursday, September 2, 2010 The investment, worth almost $2 million, will enable the fuel importer to open new stations by the end of 2010. Puma Energy's General Manager, Juan Ángel Díaz, indicated that their expansion plan seeks to position the company as an alternative to traditional companies, particularly outside urban centers. El Salvador - Milan flights postponed until 2009Thursday, November 20, 2008 The Italian airline once again postponed its weekly Milan-El Salvador flight until February of next year. "During my trip to Europe, I contacted them and they confirmed that they will commence the flights on February 5. This was communicated verbally and not in writing," said the head of Mitur, Ruben Rochi, who had announced the arrival of the airline on October 31. New Hydroelectric projects in GuatemalaThursday, November 27, 2008 The Ministry of Energy and Mines (MEM) authorized five new projects in August, two this week and expects to receive four more requests. MEM authorized Inver-Energy's project (San Cristobal) located in San Cristobal Verapaz, Alta Verapaz, which would generate 19 megawatts of electricity; on Monday they authorized the Cuevamaria hydroelectric plant, which belongs to the Pasac Energy Resources company, and which will provide 9 megawatts to the system, and which will be built on the Salama River, in the municipality of Cantel, Quetzaltenango. New thermo-electric power plant in PanamaTuesday, December 9, 2008 After$100 million in investment and 12 months of construction, operations at the new Cativa thermo-electric power plant began. The new power plant will provide 10% of electric energy generation to the country in 2009, along with the Bahia Las Minas plant. El Salvador - Milan flights still unconfirmedThursday, October 30, 2008 Tourism minister, Ruben Rochi, said that the inaugural flight scheduled for this Friday, October 31, is still up in the air. The official expects that within the next few days that there will be a notification by the Italian airline to clarify the situation. Italian airline to launch non-stop flights linking Milan with San SalvadorMonday, July 7, 2008 The Italian airline Livingston is going to launch regular non-stop flights between San Salvador and Milan every Sunday from October 31. Livingston tested interest in the route with 10 Sunday flights linking the two cities as part of a pilot program that ended in January. Honduras could lose $140 million energy investmentWednesday, July 9, 2008 An investment of 140 million dollars by Energía Eólica de Honduras is in danger of being abandoned. An offer from the government of the Dominican Republic to develop the project there, with an offer of 12.50 American cents per kilowatt hour has reached the ears of the investors, who are still trying to get the Honduras government to sign a contract. Canada's Polaris to invest US$96 million in Nicaragua geothermal projectTuesday, May 27, 2008 Canada's Polaris Geothermal said it plans to invest US$96 million in increasing its geothermal capacity in Nicaragua. The project will be jointly financed by Polaris, the Central American Bank of Economic Integration – which has already pledged a US$20 million advance – and other institutions. Jaguar Energy Has Permit But No ContractThursday, July 2, 2015 The Wholesale Market Administrator of Guatemala granted the coal plant commercial and operational permission, days after Energuate cancelled its supply contract. With the formal permission to operate as a generator granted by the Wholesale Market Administrator, Jaguar Energy is trying to revive the contract that Energuate canceled for not being ready to supply power from May 17. |
|