The changes proposed to the Generation System Expansion Plan 2012-2026 have already been approved by the Ministry of Energy and Mines (MEM).
In 2012, it is is expected to generate 50.5% from hydroelectric sources, 3.6% from geothermal sources, 3.5% from bunker fuel, 12% from biomass, 9% from the electrical interconnection with Mexico and 21.3% from coal.
According to that energy mix, 54.1% of the total generation will come from renewable energy sources.
"By 2026, the plan foresees that 78% will be covered by renewable sources. 58.3% will come from hydroelectricity and 18.2% from geothermal sources, 7.1% from biomass -sugar mills-, and 16.1% from coal, while imports from Mexico will account for 0.2%. These percentages are based on a projected demand of 15,713 GWh of energy and 2,785 megawatts of power, a medium scenario", reported Prensalibre.com.
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Nicaragua managed to cover 48% of the population’s domestic demand with renewable energy, producing 219.8 MW.
A press release by ProNicaragua reads:
Nicaragua managed to cover 48 percent of the national demand from the population with renewable energy, producing 219.8 megawatts of power from wind farms, hydroelectric, biomass and geothermal stations, according to data provided by the Ministry of Energy and the National Center for Cargo Dispatch.
Guatemala needs to invest $400 million a year in new generating plants in order to add 1,685 megawatts to the electricity supply in 2026.
Of these 1,685 MW, 1,110 would be provided by hydropower, 300 from geothermal plants, and 275 with the use of coal, said Carlos Colom, president of the National Energy Commission (CNEE).
The concept is part of the "Master Plan for the development of renewable energies" which sets out a strategy in power generation for the next 15years.
A study by the National Energy Council (CNE) in conjunction with the Japanese International Cooperation Agency (JICA) outlines a strategy for the next 15 years in the development of technologies using renewable resources.
The state run power company estimated that starting May 2015 the cost of electricity will go down from $165 to $109 MW/h, as a result of its energy diversification.
The entry into force of contracts which were awarded in tender processes using the method of successive rounds will create a reduction of up to $56 MW / h, according to Jorge Alonso, manager of Empresa Eléctrica de Guatemala (EEGSA).