El Salvador: Energy Investment at a Standstill

Private investment remains at minimum levels in the country, due to lack of clear long term regulations.

Monday, January 3, 2011

Alberto Triulzi, executive president of Nejapa Power, stated that “all over the world, companies are investing in energy, except in El Salvador”, and noted that Nejapa Power, Duke Energy, Delsur and Grupo AES are investing everywhere “but in El Salvador”.

In March 2010, the sector was awaiting a document from the Energy Council (CNE) that would explain the country’s energy policy, but to date this document has not been presented to energy generation companies, although it has been distributed among distribution ones.

AES and Cutuco Energy have $1.6 billion projects on hold since 2005 due to this situation.

More on this topic

El Salvador : More than $900 million for Natural Gas Plant

November 2013

The consortium Quantum-GLU would be the winner of a long-term contract to supply 335 MW generated from a power plant that would be built by the company.

A statement from the National Energy Board reads:

The electricity distribution company DELSUR has made public the financial bids offered by two companies who submitted documents for the tender for 355 megawatts (MW) of power and associated energy, namely: Asocio Quantum-GLU and AES Fonseca Energía, who on October 1 submitted the information required to participate in the tender for the supply of power for 20 years.

Renewed Tender for 350 MW in El Salvador

October 2012

The Salvadoran electricity distributor will relaunch the tender that was unsuccessful in March, having only received a single bid which was above the established reference price.

In March the company EMCE El Salvador was the only bidder to submit a proposal in the tender, with a price of $148.58 per megawatt (MW) hour, but the Superintendent of Electricity and Communications (SIGET) had set the price cap at $136.61 MW per hour.

El Salvador: $1,000 million to generate 350MW

June 2011

Representatives from the electricity industry are arguing that investments of $1,000 million are needed for the tender to generate 350MW.

The international public tender launched in April for the provision of 350MW from July 2015 excludes the use of plants currently in operation, or to be operational by January 2012.

Energy Tender Process Dispute in El Salvador

April 2011

The conflict between thermal energy producers and the country's national energy council (CNE in Spanish) has slowed down the search for renewable energy sources.

The CNE's decision to exclude companies generating electricity from oil derivatives from contract tenders has led to distrust and anger among some sector representatives.

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