MIAMI, July 11,
2024 /PRNewswire/ -- ENERGY33, a US-based energy
project developer and engineering company, collaborated with VPower
Group and City Peten to develop a 13 MW natural gas power plant at
City Peten's gas production facility in Peten, Guatemala and signed a 15-year energy sales
contract beginning in May 2026 with
AMM, Guatemala's energy
administrator. This project was developed to take advantage of
environmentally friendly natural gas-based power, replacing
existing coal and heavy fuel resources that have traditionally
supplied a portion of power generation throughout much of the year
in Guatemala. The power
plant began selling energy to the spot market in April 2024 and attained the classification as an
"Efficient Firm Energy Plant" in June
2024.
ENERGY33 led the project's development, overseeing its
financial, technical and legal structuring, and facilitating the
collaboration among the partners. City Peten, a key player in
Guatemala's Hydrocarbons
Exploration Sector, is providing the gas from its Peten facility.
VPower Group, a global leader in engine-based
decentralized power generation, contributed power
generation equipment and assumed responsibility for the operation
and maintenance of the power plant.
Jason Lee, the CEO
of VPower, acknowledged "ENERGY33 played a pivotal role in the
project development, implementation and strategic guidance of the
electricity market to bring this project to fruition and secure the
15-year energy sales contract."
According to Brett Hall, the CEO of ENERGY33, "We are proud to
work with great partners like City Peten and VPower Group to
develop projects with clean natural gas that replaces electricity
produced with coal and heavy fuel and has a positive environmental
impact to the power sector in Guatemala."
About ENERGY33:
ENERGY33 is a company specialized in identifying, structuring
and developing power generation investment opportunities
in LATAM and offering engineering services in the energy
sector. ENERGY33 is technology & fuel agnostic and uses
its strong engineering capability to assess and develop projects
using natural gas, associated gas, cogeneration, renewables,
hybrids with batteries and other complex forms of clean power
generation. For more information visit
http://www.energy33.com.
About City Peten:
City Peten leads Guatemala's
Hydrocarbons Exploration Sector with over 45 years of experience in
Latin America. City Peten began
development of the Ocultun gas fields in Peten in 2006. The
current production is 6.5 MMSCF/day with plans to increase
production to 23 MMSCF/day.
About VPower Group:
VPower Group International Holdings, headquartered in
Hong Kong, has specialized for
over two decades in delivering gas and diesel gen-sets and power
generation systems across more than 20 countries in Asia, Latin
America, Europe, and
Africa to support industrial
operations and community development.
Contact:
ENERGY33 LLC
***@energy33.com
Photos:
https://www.prlog.org/13028875
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SOURCE ENERGY33 LLC