DEOCSADistribuidora de Electricidad de Occidente, Sociedad Anónima (Guatemala)
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Actis will draw on extensive investment experience gained in its management of Umeme, Uganda's electricity distribution business, to further strengthen DEOCSA and DEORSA; expanding and investing in the network, connecting new customers and concentrating on loss reduction activities.
18 last year, the access routes leading to the municipalities of El Rodeo, San Pablo, Malacatan, Catarina Tajumulco, and El Carmen were blocked by angry protestors who objected to the prices charged by DEOCSA. More than 110 police agents from the Fuerzas Especiales division of the Policia Nacional Civil (PNC) and 200 soldiers were sent in to clear the roads and safeguard the headquarters of the Instituto Nacional de Electrificacion (INDE)--the state-owned electric-energy producer--which was attacked by an angry mob, causing almost 400,000 quetzales (US$50,122) worth of material losses.
For this reason we insist that these individuals be arrested," reads a press release from DEOCSA a fortnight ago.
It doesn't matter whether the distributor is INDE, DEOCSA, or a municipal company because the distributor can only charge the authorized rate.
Sin embargo, UF condiciona esta adquisicion a la suscripcion de contratos de suministro de energia que, al menos por un tiempo, le garanticen las compras a un precio menor que el que tendria que pagar segun los contratos de compra-venta que anteriormente habian firmado DEOCSA y DEORSA.
(11) El Departamento del sector privado del BID tramitaba en junio de 2002 un prestamo de 93 millones de dolares para financiar el plan de negocios de DEOCSA y DEORSA.
Following the divestment, Gas Natural Fenosa will only be present in Guatemala through its telecommunications unit Ufinet.Country: Guatemala, Sector: UtilitiesTarget: DEORSA, DEOCSA Buyer: Actis Capital LLPVendor: Gas Natural FenosaDeal size in USD: 345mType: LBOStatus: Agreed