Funes Confirms Chaparral Construction
Salvadoran President Funes affirms that El Chaparral Hydroelectric Power Plant will be built because it is a "required energy" project.
Friday, August 14, 2009
At the inauguration of the Sesori-Chapeltique highway, the president remarked: "I already said this a couple of days ago, and I will repeat it for this auditorium. El Chaparral Dam's construction will continue, we won't stop this project, we need to stimulate renewable energy projects".
The president of CEL announced that the project is going according to schedule, and will be ready in January 2013.
The BCIE will deliver $31.5 million in March, as an advance for a loan of $162 million, for the start of the construction of the dam El Chaparral.
The Salvadoran regulator has granted a period of two years for the submission of a redesign of the project, currently on hold.
17 months after starting construction, hydroelectric power plant “El Chaparral”, located in San Miguel, is 22% ready.
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