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".

Further comments by Funes were published in DiarioCoLatino.com: "The project, like every intervention by man in the environment, has an impact. We will reduce this impact as much as we can".

More on this topic

Two Additional Years to Redesign El Chaparral

June 2011

The Salvadoran regulator has granted a period of two years for the submission of a redesign of the project, currently on hold.

Hurrican Agatha caused the river to overflow, flooding the construction site at the place where they were preparing to build a concrete structure.

Chaparral Hydro Power Plant is 22% Ready

May 2010

17 months after starting construction, hydroelectric power plant “El Chaparral”, located in San Miguel, is 22% ready.

The Hydroelectric Commission for the Lempa River (known as CEL) estimates that the reservoir will begin to be filled on May 2012 and should reach it maximum level in 2013.

El Chaparral Hydro Power Plant in 2013

August 2009

The president of CEL announced that the project is going according to schedule, and will be ready in January 2013.

Nicolás Salume, president of the Executive Hydroelectric Commission of the Lempa River (CEL), added that January 3rd, 2013, is the deadline for the builder to deliver the project.

El Chaparral Dam Project to Initiate in March

February 2009

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.

La Prensa Grafica publishes in its website: "The project will cost $219 million, of which BCIE will contribute 74%, that is to say, $163 million. The remainder $56 million will come from the CEL. The BCIE loan has a time period of 20 years, with an annual interest rate of 6.5%.

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