Wednesday, Jun 12, 2024
logo
Update At 14:00    USD/EUR 0,92  ↑+0.0002        USD/JPY 151,69  ↑+0.174        USD/KRW 1.347,35  ↑+6.1        EUR/JPY 164,16  ↑+0.143        Crude Oil 85,49  ↓-0.76        Asia Dow 3.838,83  ↑+1.8        TSE 1.833,50  ↑+4.5        Japan: Nikkei 225 40.846,59  ↑+448.56        S. Korea: KOSPI 2.756,23  ↓-0.86        China: Shanghai Composite 3.015,74  ↓-15.745        Hong Kong: Hang Seng 16.512,92  ↓-105.4        Singapore: Straits Times 3,27  ↑+0.018        DJIA 22,58  ↓-0.23        Nasdaq Composite 16.315,70  ↓-68.769        S&P 500 5.203,58  ↓-14.61        Russell 2000 2.070,16  ↓-4.0003        Stoxx Euro 50 5.064,18  ↑+19.99        Stoxx Europe 600 511,09  ↑+1.23        Germany: DAX 18.384,35  ↑+123.04        UK: FTSE 100 7.930,96  ↑+13.39        Spain: IBEX 35 10.991,50  ↑+39.3        France: CAC 40 8.184,75  ↑+33.15        

Power to Central America

Article - September 14, 2011
EPR’s SIEPAC project is uniting six nations with a reliable and ample energy supply
Costa Rica has joined forces with its Central American neighbors Guatemala, Panama, El Salvador, Honduras, and Nicaragua to build an energy network that will run the length of the isthmus and provide the entire region with a more reliable and cost-effective supply of energy.

Dubbed SIEPAC and overseen by EPR, the project will represent the first regional electric transmission system and will span over 1,100 miles, with the support of 4,600 high-tension transmission towers and nearly 40,400 miles of fiber optic cable. Once finished (towards the end of 2011), the line will have a capacity to more than cover the current needs of the populations, and will have enough reserves to continue growing, thus guaranteeing energy for years to come.

A project of this magnitude and scope paints a positive picture for the future of affordable electricity access for the region’s inhabitants, as well as for investors, since the combined markets of the six countries totals over 40 million.

EPR’s shares are divided equally among each participant. In Costa Rica’s case, the 12.5% share is divided between ICE (Costa Rican Electricity Institute) and CNFL (National Company for Power and Light). The new investment law, which has widened the level of participation of the private sector from 19% to 30%, will allow for a greater number of private electricity projects to link up to the SIEPAC network.

With headquarters in Costa Rica, the region’s most eco-conscious country, EPR is adhering to this country’s strict environmental standards for the entire project, regardless of where the generators and pylons may stand. For example, for every tree that is cut to make way for construction, EPR plants at least five more.

  0 COMMENTS