Guatemala: Koreans Interested in Energy

The signing of the FTA with China could open up opportunities for Korean companies to sell turbines to hydro electric stations and invest in energy projects which use other sources.

Friday, September 30, 2016

Kwang Seok Rhee, vice president of the Korean Electric Power Corporation (KEPCO), one of the largest energy companies in South Korea, visited Guatemala as part of a new round of FTA negotiations and told Dca.gob.gt that ". ..'If the FTA is realized it will open up new opportunities to invest in renewable projects, information technology for the power grid, distribution and transmission, as well as a supplier of turbines for hydroelectricity'."

Diario de Centroamérica reports that "...Regarding this opportunity, Luis Chang, Minister of Energy and Mines, said they have identified 80 generation projects in which Korea can become a strategic partner, of that amount 3500 megawatts correspond to energy sources based on water."

More on this topic

Honduras: 50 MW Wind Farm Starts Operations

February 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.

The Push for Wind Power in Costa Rica

October 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.

Colombians Buy Generators in Costa Rica and Panama

August 2014

The Colombian Celsia has purchased from GDF Suez thermal and renewable energy plants which were operated in Central America by the french company, worth $840 million.

From a statement posted on Celsia.com:

Celsia has taken the first step in its strategy of international expansion with the purchase of assets in the electricity sector in Panama and Costa Rica with an enterprise value of USD 840 million.

Guatemala: Korean Interest in Energy Investment

November 2012

The 2013 tender for the construction of an 800 km electricity transmission line has drawn the attention of korean energy businessmen.

The Korean ambassador, Choo Yeon-Gon, said the company Korean Electric Power Corporation (Kepco) one of the largest Korean generators, and seven of its subsidiaries, are interested in participating in the country's electricity market, as providers of transmission towers amongst other things.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Jun 23)
Dow Jones
-0.01%
S&P 500
0.16%
Nasdaq
0.46%

Commodities

(Jun 23)
Brent Crude Oil
45.75
Coffee "C"
123.00
Gold
1,256
Silver
16.67