In El Salvador during 2021, AES announced that it plans to invest between $60 and $75 million in the development of new solar energy projects and works in the distribution network.
Electricity distributor AES El Salvador announced that this year it plans to invest $36 million in modernizing the network, which includes the renovation of 8,120 residential and industrial meters.
The company's directors informed that they are contemplating works to expand the electricity distribution networks, the renovation of smart meters, the maintenance of overhead lines and the growth in the construction of underground networks.
The plant that AES El Salvador has inaugurated in La Union, required a $160 million investment, and has 44 thousand polycrystalline-type photovoltaic modules, in an area of 149 sqm.
Pasaquina is the first of ten solar power generation plants that AES El Salvador and Corporación Multi Inversiones plan to build in the three phases of the project. It is expected that the plants will start operations gradually over the next two years.
Corporación AES El Salvador has announced that this year it will replace 50 thousand electromechanical meters with digital meters, and will increase the voltage of the energy supplied in the center of the capital.
Regarding the plan to raise the voltage from 4.16 Kv to 23 Kv in downtown San Salvador, representatives from the energy company explained that the increase will be made in order to respond to growth that has been registered in demand.
AES El Salvador and Corporación Multi Inversiones have announced an investment plan that includes the construction of ten solar plants with capacity to generate 10 MW each in different areas around the country.
The solar power generation project will be operated by AES El Salvador, and is expected to be developed in three phases, according to the two companies involved in the initiative.
The investment announced by AES El Salvador will go towards expanding the distribution network, rural electrification, vehicle fleet, infrastructure, and communications equipment and computers.
From a statement issued by AES El Salvador:
2016, AES El Salvador, through its companies CAESS, CLESA, EEO and DEUSEM, has projected an investment of approximately $36 million.
Delsur El Salvador is inviting interested bidders to send their comments and suggestions on the draft conditions for ICB No. DELSUR-CLP-RNV-1-2016.
From a statement issued by Delsur:
Publication of the conditions of International Competitive Bidding Process No. DELSUR-CLP-RNV-1-2016 for the supply of 150 MW of power generated from wind and photovoltaic technology for a period of 20 years.
AES has started to operate a 2.5 MW photovoltaic power plant in Moncagua, San Miguel, and announced plans to build three plants of 10 MW each in 2016.
The company's president, Abraham Bichara, told Elmundo.sv that "... there will be three modules of 10 MW each in which we are investing at least $45 million, at $1.5 million per megawatt, and we have already identified the land. "
After lowering the country's sovereign debt rating, the ratings agency also lowered the rating for the electricity company, anticipating difficulties in collecting payments from the Salvadoran government subsidies.
From the press release by Fitch Ratings:
Fitch Ratings-Monterrey-14 July 2015: Fitch Ratings has downgraded AES El Salvador Trust II's (AES El Salvador) foreign and local currency Issuer Default Ratings (IDRs) to 'B+' from 'BB' and revised the Rating Outlook to Stable from Negative. In addition, Fitch has downgraded the company's USD310 million senior unsecured notes due 2023 to 'B+/RR4' from 'BB'.
Of the $32 million to be used in 2014, more than $13 million will go on performing preventive and corrective maintenance of the network in rural areas.
Elsalvador.com reports that " ... The energy distributors AES El Salvador projected an investment of approximately $32 million for 2014, however, this could increase to $34 million depending on the growth of energy demand the country. "
Paying lip service: For the third consecutive year the news is the same, there are still no definitions of the regulations for the Electrical Interconnection System for Central American Countries.
The electricity purchase that AES El Salvador has agreed with Hydro-Xacbal of Guatemala remains elusive.
On Monday January 16, 2012 we published on CentralAmericaData.com:COM:
For the tender of 310 MW, awards were granted to six generators in El Salvador, for a term of four years.
All of the proposals submitted were below the $186.39, price ceiling set by the Superintendency of Electricity and Telecommunications (Siget). According to the chief of the Siget, Luis Mendez, the total amount transacted is approximately $1 billion.
The main distributor of electricity in El Salvador is planning extensions to the distribution network, because of a rise in demand.
Laprensagrafica.com reports that "improvements in distribution networks will require an investment of $16.6 million, according to Ricardo Vega, vice president of operations at AES El Salvador. In addition, investment for expansion of the distribution network, which is required for new residential or commercial projects, will total $5.1 million. We also intend to invest in the purchase of new equipment and infrastructure services with $2 million, and improvements to third party lines and social welfare projects with $3.3 million, among other things. "
A year ago the news was the same: the rules for the Electric Interconnection System for Central America have not yet been defined.
This is preventing the confirmation of a power purchasing deal between AES El Salvador and Hydro-Xacbal of Guatemala.
On Monday January 16, 2012 we published in CentralAmericaData.com:
"In Jan the Hydroelectricity station Xacbal, belonging to Grupo Terra, should have started selling 30MW to the distributor CAESS, according to a contract signed by both companies in 2008.
AES El Salvador will launch a tender in March for 310 megawatts of energy to replace medium-term contracts which will expire at the end of July this year.
Miguel Bolinaga, vice president of the electricity market and external relations at AES El Salvador, said the opening of bids and the award will take place no later than April.
"However, he confirmed that pursuant to the General Electricity Law, the tender conditions, subject to review by the Superintendency of Electricity and Telecommunications (Siget), were sold in January to all bidders, who should by now have sent their comments to be incorporated into the definitive competition conditions, as this is a dictate of the General Electricity Law.