Guatemala's PEG-5 Tender Attracts 51 Bidders for 4.7 GW Capacity
Guatemala's PEG-5 electricity tender received 51 bids offering nearly 4.7 GW, exceeding the 1,400 MW target. The Ministry of Energy and Mines initiated this tender to secure firm capacity for distributors EEGSA and Energuate. The proposals include around 2,000 MW of solar projects and 700 MW of thermal projects. Contracts may last up to 15 years, with potential investments exceeding $3.7 billion.
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Guatemala's PEG-5 electricity tender attracted 51 bidders presenting nearly 4.7 GW of capacity, significantly surpassing the 1,400 MW sought. The Ministry of Energy and Mines opened technical bids, targeting firm capacity for distributors EEGSA and Energuate due to increasing demand.
Of the total bids, about 2,000 MW are solar projects, including hybrid systems, and 700 MW are thermal, mainly from natural gas. The contracts, lasting up to 15 years, aim to mobilize over $3.7 billion in investment. A reverse auction is scheduled for March 25, and contract awards will be made on April 16, with power supply starting between 2030 and 2033.
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