Jaguar Energy is a corporation that owns a large coal-based electric generation plant located in Tierra Colorada, Masagua, next to the San MiguelLas Flores community and away from Puerto San José. The company is a subsidiary of the American corporation Ashmore Energy International Ltd.. It started operations in Guatemala in early 2008 and its plant has an estimated cost of US$750 million, intended to generate 300 MW. The energy produced will be sold to Energuate, the larger power distributor in Guatemala, a subsidiary of the British investment firm ACTIS.