El Salvador: Electrobras Interested in Investing

The Brazilian state company could invest together with local authorities and private agents.

Monday, October 25, 2010

Dr. Nivaldo J. Castro, coordinator of the Research Group of the Electricity Sector (Gesel), revealed the information to La Prensa Grafica. The executive is in the country making a diagnosis of the electricity sector and possible expansion.

"By ensuring participation of Eletrobras in a project, funding is guaranteed by the National Bank of Economic and Social Development (BNDES). El Salvador already has a line of credit for $ 800 million for projects to be carried out by Brazilian companies.”

More on this topic

ENEL has $127 million to Invest in El Salvador

July 2011

Since litigation began in 2008 regarding the funding of LaGeo, investment plans in El Salvador have ben stalled, but are now coming back into effect.

An article in Laprensagrafica reports that the company Enel will invest $127 million in El Salvador next year as part of the original plan which was based on an agreement with shareholders that the Italian company would provide more capital, in exchange for just over 50% of the shares of the geothermal company LaGeo. This investment plan has been frozen since 2008 after ENEL began arbitration proceedings against ENEL Investment Energy (INE) and the Lempa River Hydroelectric Executive (CEL) because they wouldnt allow the funding.

Renewable Energy Projects for $916 million  

June 2013

El Salvador announced a renewable energy investment plan which will increase the share of this type of power to 70% of the energy matrix.

The President of the Executive Hydroelectric Commission of the Lempa River (CEL), Leopoldo Samour, explained that "this will increase energy production by approximately 300 megawatts, coming from use of our natural resources and in order to do this we are planning a global investment of $916 million. "

El Salvador In Dire Need of Energy Investment

June 2010

The country requires an annual investment of $75 million to be able to cope with growing energy demand.

Currently, El Salvador’s power grid is capable of outputting 1.300 MW, and in peak hours, demand reaches 950MW. This leaves a reserve of 350MW, explained Alberto Triulzi, president of Nejapa Power.

Panama to Invest $ 4.377 Million in Energy

November 2010

The number includes the total investment for the electricity sector between 2010 and 2015.

The $ 4,377 million represents 22.5% of the gross domestic product (GDP) in 2009.

"The bulk will be hydro generation with $ 2.655 million with a contribution to the electrical grid of about 841 megawatts, half the country's current installed capacity," published Prensa.com.

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