Enel to build Guatemala hydro plant
EGP, which its parent Enel aims to place on the market this year, said the total investment in the project would be 185 million euros US $226.6 million, with 10 million euros coming from Italian public-private holding company Simest.
The new plant will use the natural water flow of the Cotzal river and its three tributaries and produce 370 million kilowatt hours of power a year avoiding emissions of 280,000 tonnes of carbon dioxide CO2, EGP and Simest said in a joint statement.
Enel group is already present in Guatemala's renewables sector and the new plant will boost EGP's existing "zero emission" generation capacity in the country by more than 140 percent, EGP Chairman Francesco Starace said in the statement.
EGP's installed capacity totals about 5,700 MW with more than 600 plants in operation in 16 countries in Europe and the Americas and a generation mix that includes wind, solar, hydro, geothermal and biomass.
Related News
Lebanon Cabinet approves watershed electricity sector reform
BEIRUT - Lebanon’s Cabinet has approved a much-anticipated plan to restructure the country’s dysfunctional electricity sector which hasn’t been developed since the time of the country’s civil war, decades ago.
The Lebanese depend on a network of private generator providers and decrepit power plants that rely on expensive fuel oil. Subsidies to the state electricity company cost nearly $2 billion a year.
For years, reform of the electricity sector has been a major demand of Lebanon’s population of over 5 million. But frequent political stalemates, corruption and infighting among politicians, entrenched since the civil war that began in 1975, often derailed reforms.
International…
