Thursday, February 25, 2016

Mexico sets renewable energy by law

Mexican government has set by law that by 2024, 35 percent of electricity is from renewable energies. Currently, 80 percent is produced is based on fossil sources.

The vast majority of the 103 companies that compete in the first auction of electricity in Mexico offer produce electricity using wind and solar projects, said the agency power controller.



The DDO Market National Center for Energy Control (CENACE), Erith Hernandez, said that at least 52 percent of the bidders in the auction are solar power and 46 percent of wind power, while a reduced number of other renewable sources.

The auction of electricity long term, which began in November 2015, is the first to be held after the energy reform of 2014 that opened the energy market to Mexican and foreign private investment after nearly 80 years of stay in state hands.

Ecuador budget will be adjusted according to oil price


The president of Ecuador, Rafael Correa, announced that the general budget of the country will be reset based on the current reality of oil prices in the international market. Speaking to reporters, the president said his economic team met "to adjust the reference price per barrel was 35 and have adjusted to 25 (dollars)," he said, according to DPA. Correa did not indicate the total amount of the adjustment to the budget, which was approved in the amount of 29,835 million, with the calculation of income from the sale of oil at $ 35 each barrel. Ecuador, the smallest member of the Organization of Petroleum Exporting Countries (OPEC), placed in the midmarket million barrels a day. The president said that despite the readjustment will work for the benefit of the lower class of the country and investments in the social sector "without affecting the poorest" will be prioritized. Official figures show that in 2015 Ecuador lost seven billion dollars by the decline in oil prices. Oil is the main export product of Ecuador and accounts for 50 percent of international sales. Another great budget revenue of the Andean nation's tax collection that provides the budget 15 billion dollars.

Paraguay to sign energy agreement with Gazprom

Petróleos Paraguayos (Petropar) is to sign an energy agreement with the Russian state giant Gazprom, reports La Nacion.

The report cites the holder of Petropar Romulo Campos, who referred to a meeting with representatives of that company, the largest in the world for exploration and exploitation of gas and one of the most important oil industry.



"We are working on a confidentiality agreement by way of exchanging data and go to materialize one energy between the two countries", stated Campos.

He said the idea is to work in a matrix of possible business, exploration and production of oil and natural gas, asphalt imports and a possible agreement for the development of lubricants.

Campos said that his desire is to find oil or gas and that can be achieved by the hand of companies like Gazprom can be realized.

According to the president of Petropar, the state has three blocks in the Paraguayan Chaco.

In November last year the two companies signed a memorandum of understanding, it added.


Bolivia signs strategic agreements in Energy with Russian Gazprom

Bolivian President Evo Morales, signed this week three agreements with the Russian gas giant Gazprom at the Bolivia-Russia Summit, held in Tarija, southern Bolivia.
“This day will be unforgettable because we are starting agreements in energy terms until 2040. This is historic, but we also recognize, admire, welcome and respect the industrial development of Russia,” stated Morales.
gazprom-600x350“Gazprom will contribute to Bolivia to become the energetic heart of Latin America”, said Gazprom President, Alexey Miller.
The teams reached agreements on cooperation in gas exploration, training, technology transfer and construction of a research center for change in the energy matrix of diesel (diesel) to liquefied natural gas (LNG).
One of the objectives of the Plan of Productive and Social Development of the Government of Morales is to turn Bolivia, which already supplies gas to markets in Argentina and Brazil in an energy hub for the continent.
- See more at: AmericaEnergia

Enel Green Power to enter Peru

Italian renewable energy company Enel Green Power (EGP) announced its entry into the Peruvian market after winning contracts for the supply of energy with three projects which will into operation in 2018.
The multinational company, a subsidiary of Enel Group, said in a statement that it has been awarded in Peru the right to stipulate contracts energy distribution with a capacity of up to 126 megawatts (MW) of wind power, 180 MW of photovoltaic and 20 MW of hydroelectric.
 
“With 326 MW awarded, EGP before 2018 will become the main operator of renewable of Peru and the only company that will work with three plants of different renewable technologies in the country”, he stated.
For the construction of the plants, which launching is scheduled for 2018, EGP will invest nearly 400 million dollars, in line with the investments of its current Strategic Plan.
- See more at: http://www.americaenergia.com/101-2/#sthash.i8IJBNO2.dpuf

Veto override for electric substation in Paraguay

At its regular session, the Municipal Council of Asunción, Paraguay, decided to override the veto to the construction of the substation of the National Electricity Administration (ANDE) in the Trinidad neighborhood, specifically in the grounds of the Ampande.
This decision was adopted by the plenary after the visit of the president of the energy regulator, Victor Romero; technical manager, Walter Causarano, and planning director, Fabian Caceres, at the session.
ANDE referents argued that the substation is necessary to ensure electricity service and that there are still technical possibilities of building underground structures in Paraguay.
Several aldermen Bogota before override the veto construction, argued that a substation may have negative consequences on the population. Elvio Segovia (PDP) said ANDE technicians have technical responsibility, but councilors have a political commitment to citizenship.
In turn, Antonio Apuril (Independiente) invited his colleagues to “googling” for information, since, according investigated, it is scientifically proven that a substation does not cause complications citizens who argue to avoid installation in populated places.
Romero told media that the Municipality approves construction plans of buildings on the avenue Santa Teresa exist before a report of ANDE in which the entity guarantees the energy supply to these structures.
- See more at: http://www.americaenergia.com/#sthash.tWD6cPRt.dpuf