El Salvador announces new investment fund in renewable energy

The Hydroelectric Executive Commission of the Lempa River (CEL) will create a renewable energy fund to obtain resources for investment.

Thursday, June 12, 2008

CEL president Nicolás Salume says the project could bring in 300 million dollars by year-end, although the financial model is still being developed.
"It (the fund) will be created and will permanently provide private and public investment funds," he said.
The first outlines of the renewable energy project call for a goal of generating 1,800 gigawatts over 12 months during the next five years -about 15 percent of power generated nationally.

More on this topic

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: Renewable Energy Projects

June 2011

As part of a plan to diversify the energy matrix, the regulatory body will invest $400 million in renewable energy projects.

The Hydroelectric Executive Commission of the Río Lempa (CEL), will invest in six projects, within which are wind, solar and photovoltaic power generation. The projects are listed in the government's energy policy.

Solar Energy in El Salvador

August 2010

The photovoltaic electricity generation project developed by CEL confirms the great potential for solar energy production in the country.

The project being developed by El Salvador's Lempa River Hydroelectric Executive Commission (known as CEL in Spanish) will evaluate different kinds of photovoltaic energy for future investments in the country.

Costa Rica: Long-term funds subject to new rules

May 2008

Measures oblige firms to have liquid assets ready to meet obligations.

Last week the General Securities Office approved a change in articles 34, 61 and 67 of its general rules relating to administrative companies and investment funds.
The goal is to create better management of the maturity dates of assets held by the long-term open funds.

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