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