$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. EPM Buys Guatemalan Utility Company for $ 635 millionFriday, October 22, 2010 Colombian Group EPM acquired 80% stake in Empresa Electrica de Guatemala (EEGSA). Empresas Publicas de Medellin (EPM), leading provider of public services in Colombia, will expand its presence in Central America. El Salvador: $ 2,000 Million Investment FrozenWednesday, November 17, 2010 At least seven projects are stalled, waiting for the country's situation to improve. Newspaper elsalvador.com detailed major investment projects which are on stand-by in El Salvador: Construction of Geothermal Plant Moves Forward in NicaraguaWednesday, December 15, 2010 The construction of the San Jacinto Tizate project, implemented by Polaris Energy Nicaragua is making good progress. The infrastructure where two turbines generating 72 MW will be installed, are almost ready. Colombian Investments in Central AmericaThursday, January 20, 2011 EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million. The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law. Nicaragua: AEI Acquires 47.5% of Amayo Wind FarmsMonday, May 17, 2010 Energy multinational AEI acquired 47.5% of wind farms Amayo I and II, which output 63MW of clean energy. AEI bought a 47.5% stake in both the Amayo I and Amayo II wind farms from Texas-based Arctas Capital Group, AEI said in a written statement. It then bought an additional 47.5% interest in Amayo II from Guatemalan firm Centrans Energy Services. Panama: Coal Plant to be Ready in JuneThursday, June 10, 2010 GDF Suez Energy’s $140 million coal reconversion energy plant would start operating by the end of June. The project will generate energy using coal imported from Colombia. The raw material will be unloaded at the storage facilities of “Cemento Panamá”, in the port of Bahía las Minas, close to the plant. 2011 Will See Beginning of Salvadoran Gas Plant ConstructionFriday, August 20, 2010 With an investment of $950 million, the company Cutuco Energy will initiate construction of the La Unión plant in the second half of 2011. The construction works will generate around 1,000 jobs. $ 30 million IDB Loan for Geothermal Plant in NicaraguaWednesday, March 9, 2011 The loan to Polaris Energy Nicaragua, builder and operator of the San Jacinto-Tizate geothermal plant, will allow increased electricity generation. The initiative aims to expand the existing generating unit of 10 MW to a total of 72 MW by leveraging additional resources and the installation of two new turbines of higher capacity. After expansion, the San Jacinto plant will produce enough energy to supply electricity to nearly one in twelve households in the country. Millicom Buys 55% of Navega for $60 millionMonday, March 16, 2009 With this transaction, Millicom International Cellular controls 100% of Navega. Navega was created in 2000 by Comcel which is part of Millicom, the Spanish company Iberdrola, EDP in Portugal and Teco Energy in the US, and it provides data transport services in Guatemala, El Salvador, Honduras and Nicaragua. Panama: Hydroelectric Projects Exceed $1.35 BillionTuesday, April 21, 2009 The 15 hydroelectric projects currently under construction in Panama have a value of $1.35 billion, and they will increase the installed capacity by 600 kilowatts. As reported by the Authority of Public Services (ASEP), the majority of the projects are being developed in Chiriquí and Bocas del Toro, on rivers with large flow. Nicaragua Awards Geothermal Exploration ContractTuesday, October 27, 2009 Ram Power Corp. and Magma Energy Corp. were awarded 2 geothermal energy exploration concessions. Known as "Volcán Mombacho" and "Caldera de Apoyo", the areas given under concession sum 200 square kilometers. Work in the area is expected to start in the first quarter of 2010, and last 27 months. $20 million in Oil Investments in GuatemalaFriday, January 11, 2013 Pacific Rubiales has announced a $1.7 billion investment in exploration and developments in Guatemala, Colombia, Peru, Brazil and Papua New Guinea. A spokesperson for the company noted that "While Colombia remains the main area for the production company and the focus of most of its activities and expenditures in 2013, we are taking our first important steps beyond its borders, with a major program that will have a high impact in Peru, Guatemala, Brazil and Papua New Guinea. " Pacific Rubiales Oil Company Sets Up in PanamaThursday, February 27, 2014 The firm will move its Board from Colombia to Panama in order to reduce the tax burden and to take advantage of better logistics. The company which carries out oil and gas exploration and production activities in Colombia, selling most of Colombia's oil, has been linked to this country since the Government introduced incentives to attract foreign investment to the sector, and has now announced that it will move its Directive Board to Panama. |
|