MIAMI - July 15, 2024 - PRLog -- ENERGY33, a US-based energy project developer and engineering company, partnered with 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. In addition, ENERGY33 provided the power generation equipment and operations team through various suppliers. City Peten, a key player in Guatemala's Hydrocarbons Exploration Sector, is providing the gas from its Peten facility.

Felix Morataya, the CEO of City Peten, acknowledged "ENERGY33 played a pivotal role in the project development and implementation which enabled us to build the power plant and secure a 15-year energy sales contract utilizing City Peten's natural gas."

According to Brett Hall, the CEO of ENERGY33, "We are proud to work with a great partner like City Peten 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 to 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.