Energy agreements unite three firms on hydro projects

Wednesday, January 13, 2010

New Zealand-based energy investment firm World Energy Research (WER) has enabled a partnership with German company Wasserkraft Volk and Guatemalan firm Energía Total to develop hydro projects in Guatemala, WER said in a statement.

Wasserkraft Volk has been commissioned to build three hydro plants in Guatemala. Energía Total will purchase 100% of the power generated by the three units, according to the statement.

WER is in charge of funding and managing the project.

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After this phase is complete, WER has plans for 10 more hydro plants in Guatemala, according to the statement. It's also exploring Guatemala's solar, wind, biomass and geothermal energy potential.