Spanish consulting firm Iberica de Estudios e Ingenieria S.A. (Iberinsa) was named top bidder to perform pre-feasibility studies of two hydroelectric projects totaling 138 MW on the Paz River bordering Guatemala and El Salvador.
An official of El Salvador utility Comision Ejecutiva Hidroelectrica del Rio Lempa (CEL) told Business News Americas that contract talks are under way with Iberinsa.
The Honduras-based Central American Bank for Economic Integration (CABEI) had called for bids from Spanish companies or consortia to perform pre-feasibility studies of the 72-MW El Jobo and 66-MW Piedra de Toro hydroelectric projects. (HNN 12/2/08) The projects are to be developed on behalf of CEL and Guatemala’s Instituto Nacional de Electrificacion (INDE).
CABEI said the studies are to include technical, economic, financial, and environmental performance of the projects, taking into account new conditions of the electricity markets in Guatemala and El Salvador. Study objectives include hydroelectric potential, improved development of water resources, the best options for project development, preliminary design, and preparation of terms of reference for implementing a feasibility study.