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Guatemala bets $2.5 billion on new power plants

Friday, July 2, 2010

Generation and distribution of electricity will be one of Guatemala’s most dynamic sectors in terms of foreign investment over coming years, said Juan Carlos Paiz, the nation’s coordinator of investment.

Investment in electricity is expected to reach $2.5 billion as part of a reduction on the use of oil for energy purposes.

Only recently, Jaguar Energy, an affiliate of AEI of the United States, has invested in a $700 million coal-fired plant, while three $500 million hydro schemes are on the way.

Original source (in Spanish): Prensa Libre