El Salvador: $ 27 Million in Energy Investments

AES El Salvador announced that $27 million will be invested next year to expand electricity coverage.

Thursday, December 16, 2010

Ricardo Vega, AES Vice President of Operations, commented a bidding process which would generate 300 megawatts in 15 years, promoted by the Superintendence of Electricity and Telecommunications.

"Vega said the bidding documents are ready and are expected to be published during the first half of 2011, so the winner can start building the power plant in June" reported Elsalvador.com.

More on this topic

Coal Plant for $400 Million

May 2013

Cenérgica is planning to build in El Salvador a coal power generation plant, which would produce about 150 megawatts.

However, according to Ricardo Hernandez, CEO of Cenérgica, execution of the project planned by the company IC Power, part of Israel Corporation Limited (IC) will depend on the suitability of the tender conditions for the contract for the long-term supply of 350 MW .

El Salvador: $24 million to Improve Electricity

February 2012

This is the sum that the distributors intend to invest in improving service delivery in 2012, which includes the construction of two new substations.

The AES in El Salvador invested a total of $26.3 million in 2011 on improving the quality of electricity service, and this year, plans to invest about $24 million, including making two new substations.

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.

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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