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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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).
More than 45 power plants which are being built with an investment of more than $1.1 million face social, technical and financing problems.
Prensalibre.com reports: "The works are part of the tenders in the Generation Expansion Plan made in 2010 and 2012 for long-term contracts, which seek to ensure the supply of energy for Empresa Eléctrica de Guatemala (EEGSA) and Energuate ... ".
With the recently awarded contracts and tenders in process, it is estimated that by 2017 the energy matrix will grow by 52%, with hydropower accounting for 41.3%.
Prensalibre.com reports that "...With the contracts awarded, which are for 15 years, the installed power generation capacity will go from 2,519 megawatts (MW) recorded last May to three 3,836 MW. "
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.