Works on the Central Hydroelectric plant begin in El Salvador
President Elias Antonio Saca will place the first stone for the El Chaparral central hydroelectric plant that will mark the formal start of construction.
Monday, September 29, 2008
The initial investment, estimated to be $163 million, will be financed by the Central American Bank for Economic Intergration, as was recently confirmed by the president of the Rio Lempa Hydroelectric Executive Commission (CEL), Nicolas Salume.
The president of CEL announced that the project is going according to schedule, and will be ready in January 2013.
BCIE conducted the first disbursement of $35.5 million for the El Chaparral hydroelectric project.
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 second tender process to hire the company that will take over the supervision of the works will be carried out.
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