CABEI trains Guatemalan executives on hydroelectric project evaluation
CABEI’s Project ARECA contributes to the region by channeling new renewable energy investments amounting to approximately US$113,190.957, leading to the generation of 41,071 MW of clean energy and the elimination of 131,234 annual tons of CO2 from the atmosphere
Ciudad de Guatemala, May, 25, 2015. - The Central American Bank for Economic Integration (CABEI), through its Project “Accelerating Renewable Energy Investment in Central America and Panama (ARECA),” held a workshop called "Analysis and Evaluation of Hydroelectric Projects." The workshop was aimed at executives of Guatemala’s Banco de Desarrollo Rural (BANRURAL) in order to strengthen their risk analysis capacities for renewable energy projects.
During the workshop, Mr. Luis Miguel Cardona Almengor, the International Coordinator of CABEI’s Project ARECA, addressed the technical and financial phases required for the development of hydroelectric projects of every scale, as well as the tools to be considered for mitigating risk.
It is noteworthy that, through CABEI, the Project “Accelerating Renewable Energy Investment in Central America and Panama (ARECA)” will grant a Partial Credit Guarantee to BANRURAL in order to support small and medium power generation projects from renewable resources.
Project ARECA reinforces CABEI’s contribution to the economic and social development of the Central American Isthmus by granting Partial Credit Guarantees and Non-Reimbursable Technical Assistance for water, biomass and solar projects. In addition, Project ARECA has channeled new renewable energy investments to Central America for an approximate US$113,190.957, leading to the generation of 41,071 MW of clean energy and the elimination of 131,234 annual tons of CO2 from the atmosphere.
