The following excerpt is from an April 1, 2010 article published by the Houston Business Journal. To read the article in its entirety, please click here.
An AEI Services LLC subsidiary has closed on long-term financing to build a 300-megawatt power plant in Guatamala.
Jaguar Energy Guatamala LLC received a $350-million, 10-year loan from a syndicate led by Banca de Inversion Bancolombia Corporación Financiera SA and the Central American Bank for Economic Integration. Jaguar Energy will in turn pay a Chinese company, China Machine New Energy Corp., to build the solid fuel-fired plant near Puerto Quetzal.
Gas Natural’s local electricity distribution companies are under contract to buy 200 MW of the power from Jaguar Energy, starting at the onset of commercial operation in 2013.
“Jaguar Energy will provide Guatemala with reliable and affordable energy, which will contribute to improving the overall economic environment and investment conditions for Guatemala,” said Roberto Figueroa, AEI’s executive vice president for Central America and the Caribbean…
Click here to read the rest of the article, or here to read more articles related to the Guatemalan economy.
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