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


©image:

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 public bidding for the construction El Chaparral was won by the Italian consortium Astaldi which made an offer for $219 million. Cel will have to give $56 million from its own resources, the official explained.

More on this topic

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.

$35.5 million for Salvadoran Hydroelectric

April 2009

BCIE conducted the first disbursement of $35.5 million for the El Chaparral hydroelectric project.

As part of a $163 million loan to build the El Chaparral hydroelectric, the Central American Bank for Economic Integration (BCIE) will disburse the first $35.5 million on Thursday, April 23.

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%.

El Salvador: New tender for the El Chaparral Hydroelectric plant

October 2008

The second tender process to hire the company that will take over the supervision of the works will be carried out.

"The first tender had the participation of two companies that presented bad offers which were disqualified," the head of the Executive Commission of the Rio Lempa Hydroelectric Plant (CEL), Nicolas Salume, explained.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


New house for sale at Costa Rica beach in Punta Leona Resort

Live at the beach in the exclusive Punta Leona Resort, a dream with shaded white sand beach, pools, restaurants, wild life. New affordable, energy efficient home.
The house - possibly the only energy efficient green...

Stock Indexes

(Apr 26)
Dow Jones
0.28%
S&P 500
0.35%
Nasdaq
0.21%

Commodities

(Apr 26)
Brent Crude Oil
52.530
Coffee "C"
131.00
Gold
1,261
Silver
17.37