Site Analysis & Preliminary Feasibility Study for a Proposed Tilapia Farming Project in the Petén Region of Guatemala

A challenging region with significant potential for aquaculture develpoment.

LOCATION

Petén Region, Guatemala

SERVICES

Aquaculture Site Search & Site Analysis, Water & Soil Quality Analyses, Feasibility Studies, Financial Feasibility Analysis for Aquaculture, Seafood Markets Research & Development, Aquaculture Investment Advisory Services

TEAM

Tom Frese
2008 - 2009

Overview

AquaSol, Inc. was retained to investigate the feasibility of a USD 10 million Tilapia farming project in Guatemala. A site search, site analysis, and preliminary feasibility study was completed and detailed recommendations were delivered to the client. A report on the recommended structuring of the Tilapia marketing arrangement between the United States and local investor was also provided to the client.

Recommendation & Status

Our recommendation was to look for alternative sites in close proximity to the land we analyzed. While the water source was excellent at around 40 cubic meters per second, the soils were filled with boulders and fractured rock of volcanic origin, which would have made the construction of earthen fish ponds difficult if not impossible. An exhaustive search of areas that might be relatively free of these boulders was nonproductive across multiple sampling sites and hundreds of hectares within the strict confines of the local partners land. Within a 10-km radius, we reported multiple alternative sites that could have been explored and appeared free of rocks. The local partner who owned the land was insistent on building the project on his own land and we respectfully declined further involvement. Our United States based client, who was being asked to fund the entire project, elected to side with the local partner and his wishes. The project is currently under development by Aquaculture Production Technology, Ltd. The design being utilized by APT is their pre-engineered intensive aquaculture system; a design that we feel is most inappropriate for the region.

ProFish Americas hired AquaSol to perform a site analysis for a commercial scale tilapia project in Guatemala. AquaSol visited the remote location on short notice and provided an array of professional services culminating in a cogent preliminary feasibility study and marketing arrangement analysis. Throughout the process, AquaSol was diligent and professional. Tom Frese has an exceptional knowledge of the aquaculture industry and was a pleasure to work with.
Tom Pereya - President - ProFish International