Coal, New Projects

Guatemala’s Jaguar Energy closes financing for 300 MW coal plant

1 April 2010 – Houston-based AEI has announced its subsidiary, Jaguar Energy Guatemala, has closed $350m in financing for a 300 MW coal fired power plant near Puerto Quetzal.
 
According to Business News Americas, a syndicate of banks led by Banca de Inversión Bancolombia Corporación Financiera and the Central American Bank for Economic Integration structured the financing, AEI said in a statement.
 
A notice to commence under an EPC contract with China Machine New Energy has been issued, with commercial operations due to begin in 2013. Jaguar will sell 200 MW to distributors Deorsa and Deocsa through 15-year PPAs and the remainder in the local and regional wholesale markets.
 
In Guatemala, AEI already boasts 234 MW of coal capacity through subsidiary Puerto Quetzal Power.