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 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."

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From a statement posted on

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Guatemala: Korean Interest in Energy Investment

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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.

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