Category Archives: Utilities

Latin America's Movers & Shakers, report by EMAT

Latin Target, the premium source of business contact information in Latin America has rolled out a new feature Latin America’s Movers & Shakers.  The  listing includes over 50 of Latin America’s most powerful and influential businessmen and women.






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Carlos Slim eyes Latin America for growth, FT reports

Carlos Slim, the Mexican telecommunications tycoon and the world’s richest man, intends to increase investment in Latin America to benefit from cheaper technology and the region’s increasing purchasing power before looking to break into other markets.

In an interview with the Financial Times, Mr Slim, who is the controlling shareholder of América Móvil, the region’s biggest telecoms company, said: “The fertile ground is Latin America . . . within 10 or 15 years, it is going to break the barrier…

Read the full article here at the Financial Times

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Sinohydro to build 3 hydroelectric dams in Honduras

The Honduran government and Chinese company Sinohydro have signed an agreement to begin construction next year of three dams on the Patuca river to generate electricity up to 524 MW.

The Honduran president’s office did not indicate the cost of the dams but said that Sinohydro will fund the project with loans from Chinese financial institutions.

It said the three hydroelectric dams, one of the Central American country’s longest and most voluminous, will have a combined electricity generation capacity of 524 MW.

The Patuca river runs for some 500 km through Olancho and Gracias a Dios provinces, which border Nicaragua, before flowing into the Caribbean Sea.

The document was signed by Honduran Finance Minister William Chong Wong and Sinohydro Vice President Son Dong Sheng in a ceremony attended by Honduran President Porfirio Lobo and other officials.

‘I’m determined to promote these types of projects and make Honduras more open to all foreign investors who come and commit to our development,’ Lobo said in a statement.

Honduras currently has the capacity to produce 1,400 MW, around 60 percent of which comes from thermoelectric sources, according to the state-owned ENEE electric utility.

The country’s largest hydroelectric power station is the 300 MW El Cajon, which has been in operation for the past 25 years and is the largest in Central America.

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Pemex reports blast at major refinery

State-owned oil company Petroleos Mexicanos says an explosion has occurred at its Cadereyta refinery outside the northern city of Monterrey.
Pemex spokesman Leon Mario Alzas says authorities are still trying to determine the cause, the extent of the damage and if anyone was hurt.
Mexican media report that several people have died in Tuesday’s explosion, but Alzas says he cannot confirm that.
Cadereyta is one of Mexico’s most important refineries, with a capacity of 235,000 barrels a day.

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