Generadora Montecristo, a subsidiary of ENEL Latin America, has applied to the United Nations’ Clean Development Mechanism (CDM) agency for approval to generate and sell carbon emissions credits from the 13.08-MW Montecristo hydroelectric project on Guatemala’s Samala River.
As part of the approval process, the Spanish Association for Standardization and Certification (AENOR) carried out a project validation investigation, resulting in a recommendation that the application be approved.
The Executive Board of the U.N. Framework Convention on Climate Change issued a registration May 14 for a sister project to Montecristo, the 11.7-MW Matanzas hydroelectric project, developed by another ENEL subsidiary, Tecnoguat S.A., on the Matanzas and San Isidro rivers. (HNN 5/15/07)
Construction began in 2005 on Montecristo, 192 kilometers west of Guatemala City. It is the third project in a cascade on the Samala River.
Montecristo is expected to generate 52.3 GWh annually and to displace annually 35,189 tons of carbon dioxide that otherwise would be produced by fossil-fired generation. Income from the sale of carbon emission reduction certificates is to make the project profitable, inducing investment in the project.
Spanish agency validates Chile’s 9-MW Ojos de Agua
One of a number of CDM validation agencies, the Spanish Association for Standardization and Certification (AENOR), also carried out a project validation investigation of the 9-MW Ojos de Agua hydroelectric project in Chile.
AENOR recommended approval of that CDM application, noting the run-of-river project will result in annual reduction of 20,870 tons of carbon dioxide.
Ojos de Agua is being developed by Endesa Eco, a unit of utility Endesa Chile, on La Invernada lagoon in the Andes. It is expected to begin operation in the first quarter of 2008, generating 48 GWh annually for Chile’s grid.