FOR IMMEDIATE RELEASE
The Trans Guatemala Pipeline Project Continues to Receive Full Support from Chimera Capital Partners and Key Government Institutions Amidst Political Developments
Las Vegas, NV October 4, 2024.
Despite recent news involving former President Alejandro Giammattei and his exclusion from entry into the United States, the Trans Guatemala Pipeline project remains fully supported and on track. The strategic energy initiative, which plays a critical role in national security of the United States and Guatemala’s economic future and energy independence, is backed by the Ministry of the Interior, the Ministry of Energy, and the country's Military leadership—all of which consist of long-term officials dedicated to advancing the nation's infrastructure and energy capabilities.
This pipeline is a cornerstone project, expected to significantly enhance the country's energy transportation network, reducing reliance on external sources and boosting regional energy security. The project has undergone rigorous reviews and approval processes from key government agencies, including the Ministry of Energy, which continues to support its objectives of economic growth and job creation.
"The Ministry of the Interior and the Military, institutions with a consistent track record of ensuring national security and energy development, remain steadfast in their commitment to the pipeline project. These institutions, which transcend presidential administrations, have guaranteed that the necessary frameworks and approvals are in place to continue moving forward," said TGP CEO George Mesa Lorenzo.
The Trans Guatemala Pipeline project is seen as essential for boosting Guatemala’s position in the regional energy market and creating thousands of jobs in the construction and energy sectors. With the long-term backing of Guatemala’s stable government institutions, the project is proceeding on schedule, ensuring that it meets both its national and international obligations.
While recent headlines regarding former President Giammattei have raised questions, it is important to underscore that these developments do not impact the critical path of this infrastructure initiative. The leadership of Guatemala's Ministry of Energy and their Navy has reaffirmed that the project aligns with national interest and will continue to move forward without delay.
"The future of this project is secure," the TGP CEO continued. "We are working closely with both national stakeholders and international partners to ensure that the Trans Guatemala Pipeline delivers on its promise of economic and energy resilience for the country."
The Government of Guatemala and Chimera Capital Partners remain committed to fostering transparency, stability, and growth, and the pipeline project is a clear testament to this ongoing effort.
For further information or inquiries, please contact:
Media Relations Department
Chimera Capital Partners LLC
This press release highlights the importance of the project while reassuring stakeholders that the support from key government agencies ensures its continuation, regardless of recent political developments involving former President Giammattei.
[US sanctions Alejandro Giammattei for corruption three days after he leaves Guatemalan presidency | International | EL PAÍS English](https://english.elpais.com/international/2024-01-18/us-sanctions-alejandro-giammattei-for-corruption-three-days-after-he-leaves-guatemalan-presidency.html)
[Biden admin. blacklists former Guatemalan president, ex-minister for corruption - UPI.com](https://www.upi.com/Top_News/US/2024/01/17/US-blacklists-Guatemalan-officials/9861705550290/).
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