Guatemala Eegsa To Spend $11.8 Mln on Grid Expansion by End-2007

Guatemalan electricity distributor Empresa Electrica de Guatemala S.A. (Eegsa), run by Spanish utility Iberdrola, plans to invest over 90 mln Guatemala quetzals ($11.8 mln/7.98 mln euro) to upgrade its grid system in the southern part of the country by the end of 2007, local media reported on November 21, 2007.

Eegsa seeks to expand its grid and attract new clients in its area of operations, namely the southern departments of Guatemala, Sacatepequez and Escuintla.

The company projects its investments for the whole of 2007 to exceed $90 mln (61.6 mln euro). Eegsa invested $87 mln (59.5 mln euro) between January and September 2007.

The company attracted between 35,000 and 40,000 new customers so far in 2007. At present it has more than 800,000 clients.

Eegsa also made improvements on its grid system and reduced energy loss to 8.96 pct so far in 2007 from 9.15 pct in 2006.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: November 21, 2007

Topics covered in previous posts