Guatemala mulls public-private alliance for geothermal projects - report

(SeeNews) - Sep 30, 2014 - Guatemala's energy and mines ministry is considering a public-private association to attract investments for geothermal energy plants, deputy energy minister Edwin Rodas said, quoted by Guatemalan daily Prensa Libre on Tuesday.

The state may hold 5% to 10% in the association, with an option to increase its stake to 25%. The investor will be offered a rate of return of between 17% and 20% over a period that guarantees low prices. The plan may include supply contracts of up to 20 years and some tax incentives.

Additionally, the government will carry out market studies to evaluate the energy demand.

Guatemala has two geothermal plants of 24 MW and 25 MW, while its geothermal potential is estimated at 1,000 MW.

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Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.

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