INDE to receive bids for hydro project studies Apr. 18

Monday, April 4, 2005

Guatemala's state power company INDE will receive bids from companies interested in updating pre-feasibility and feasibility studies for three hydro projects totaling 905MW capacity on April 18, spokesperson Freddy López told BNamericas.

The tender is to determine the "ideal profile" of the projects and interested companies must submit proposals for all three projects as the tender considers them together in one group, he said.

Studies were done on the three sites in the 1970s but must be updated.

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INDE will decide the winning bidder within eight working days after bids are received, López said.

The projects are the 440MW Chulac project in Alta Verapaz department, which would be built on the Cahabón river, the 135MW Serchil project in Quiché department, and the 330MW Xalalá project in Baja Verapaz department. These latter two projects would be on the Chixoy river, with Xalalá downstream from Serchil.

Estimated combined investment for the three projects is in the range of US$1bn and operations are scheduled for 2008.

The projects' combined installed capacity represents nearly 75% of the country's current generation capacity.