Press Room

Said award to the hydroelectric that forms a part of Corporación Multi Inversiones is granted among over 250 participants worldwide.

New York, December 7, 2018. On the occasion of the Global Forum that S&P organizes with key players in the energy sector worldwide, the “Corporate Social Responsibility Award - Diversified Program” award was presented yesterday, whose purpose is to reward shared value strategies in the energy sector worldwide.

The award was granted for the comprehensiveness offered by the shared social value strategy that Renace has been developing for seven years in the department of Alta Verapaz, Guatemala. This strategy seeks to support all critical stages of development of the human person through the implementation of 7 programs of sustainable social development, that are linked, coherent and systematic, in 29 Q'eqchi communities that inhabit the Cahabón river basin in the Municipality of San Pedro Carchá.

“The challenge of building large engineering structures in rural, marginalized areas that are mostly indigenous in Guatemala, is immense, but at the same time it is a great opportunity for learning and growth. As an organization, it allowed us to build one of the best-conceived and impressive engineering structures in the country, while simultaneously implementing the best global practices of community relations, promoting the sustainable social development of the area through the construction of critical community infrastructure and the implementation of programs for the integral development of people, and caring for the environment at the same time; all of the above acting with ethical values ​​and cultural relevance. The results today are visible through the positive change in the social indicators of the area such as the reduction of chronic malnutrition, an increase in the quality of education and school permanence, the reduction of teenage pregnancies, among others. The Renace hydroelectric complex and its programs is a sign that companies, the central government, local governments, leaders, communities and the civil sector can work together to change our country,” said Juan Carlos Méndez, General Director of CMI Energía.

This award coincides with another important milestone for Renace because the construction of phase IV and last of the hydroelectric complex was completed during this week, and its construction took approximately 36 months and was under the charge of the Spanish contractor, Grupo Cobra. This phase will inject an additional 55 MW of clean energy into the national system, for the benefit of the competitiveness of the country and all Guatemalans, since it strongly supports the reduction of electricity rates to the final consumer and supports the achievement of Goal # 7 of the Goals of Sustainable Development of the UN, which aims for all of us to have access to clean and sustainable energy.

Enrique Crespo, CEO of CMI Capital pointed out: “At Corporación Multi Inversiones we are convinced that the fourth industrial revolution needs more companies that can add shared value in the area where they operate so that the development of the country may be sustainable for all, where human rights, the protection of natural resources and the advancement in social indicators are our impulse as a society "

About CMI Energía: We are dedicated to the development, design and operation of projects for the generation and commercialization of electricity, primarily with renewable resources, in Central America. It started with a hydroelectric plant in 2009, expanding in the market and diversifying its operations in 2016, with wind and solar energy projects, which currently allows it to have more than 800 MW throughout the region. CMI Energía has a strong commitment to continue investing in all the countries it operates to create jobs and promote long-term development, through a robust Social and Environmental Management strategy; which help to achieve the sustainable development goals

About the Hydroelectric Complex Renace: Hydroelectric generation project consisting of four cascade plants, located on the Cahabón River in San Pedro Carchá, whose activities of shared social and environmental value benefit 21,000 people in 29 Q'eqchi communities.