Electricity subsidy at risk in El Salvador
Electricity companies announced that there will be an increase in energy rates if Cel does not fulfill its commitment to subsidize consumption.
Thursday, November 6, 2008
The scarcity of liquidity in the financial market could be the reason the Rio Lempa Executive Hydroelectric Commission (CEL) has not been able to pay the $94.7 million in subsidies claimed by the generating and distributing electric companies, according to the Technical Secretary oh the Presidency, Eduardo Ayala Grimaldi.
The Executive Hydroelectric Commission of the Lempa River (CEL) will transfer this amount to finance subsidies for electric energy consumers using up to 200 kW.
The government, which currently subsidizes 50% of electricity bills for consumption up to 99 kw, analyzes continuing the subsidy.
The National Economic Council (CENA) has approved $35.8 million to subsidize the electricity tariff.
Starting today, August 12, the first section of the electric energy subsidy granted to commercial and industrial companies will be eliminated.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar