CABEI holds workshop on “Effective Experiences in the Energy Sector”


Today, the Central American Bank for Economic Integration (CABEI), through its Accelerating Renewable Energy Investment in Central America and Panama (ARECA) Project, with support from the Honduran Association of Renewable Energy Producers (AHPER), inaugurated a workshop on “Effective Experiences in the Energy Sector.”

The workshop’s objective is to publicize the Guatemalan experience in effective operation of the electricity sector, taking into account the similarity of the country’s model with that established in the new Honduran General Law of the Energy Industry.

Elmer Ruiz and Roberto Urdiales, experts in the Guatemalan energy sector, were in charge of giving the workshop; they are officers of the national Wholesale Power Market Administrator (AMM) with ample invaluable experience in the field. They shared the learned lessons and the evolution of the Guatemalan energy market over the past ten years. 

The workshop is expected to bolster the structural changes promoted by the Honduran government to guarantee a reliable autonomous energy market that allows the inclusion of all kinds of technologies in order to guarantee a reliable supply of quality energy for the country.

It is important to highlight CABEI’s contribution to the skill building of executives from the public and private organizations that make up the Central American Energy sector.

CABEI, through Project ARECA, has promoted the economic and social development of Central America by granting partial credit guarantees and non-reimbursable technical assistance for hydro, biomass and solar projects. The Bank has channeled approximately US$179,156,117 to Central America for new renewable energy investments; this represents generation of 65 MW and a yearly reduction of 131,332 tons of CO2 into the atmosphere.

Project ARECA is a tripartite initiative funded by the Global Environment Facility (GEF), supervised by the United Nations Development Program (UNDP) and executed by the Central American Bank for Economic Integration, with contributions from the Finnish Foreign Affairs Ministry.