The construction works will generate around 1,000 jobs.

According to the Cutuco's shareholders, the plant will start producing energy from 2015.

"For building to begin it just remains to get the relevant licenses from the Economy and Public Works Ministries as well as register with the local La Unión authorities," reports Elsalvador.com.

Source: elsalvador.com

More on this topic

AES Seeks Permission for Gas Power Plant in El Salvador

November 2011

The company is working on updating its environmental permits in order to build the plant that will generate energy from natural gas.

The power station will have capacity to generate 550 MW and require an investment of $970 million.

AES has also begun the search for manufacturers and construction companies to help build the plant.

AES Announces $970 million Investment in El Salvador

September 2011

The AES Group has announced its interest in investing in the construction of a generating plant that would operate with natural gas in the province of La Union.

A press release from the Presidency of the Republic of El Salvador reads:

The business group AES, one of the world's largest electric power generators, announced in New York during a meeting with President of the Republic, Mauricio Funes, its interest in investing more than $970 million in the construction of a natural gas generator in the province of La Union.

Further Delays for Energy Investments at La Unión

January 2010

The construction of two power plants at the Port of La Unión, El Salvador, has been delayed again.

One of the plants would use coal and the other natural gas. Investment in both would sum $1.5 billion.

"These projects would add 775 MW to the country's energy production (525 MW by the gas plant and the rest by the coal one)", reported Elsalvador.com.

El Salvador: $950 Million Energy Project

June 2009

Cutuco Energy plans to begin construction of the gas plant in La Unión during the first six months of 2011.

Valued at $950 million, Cutuco Energy’s project includes a liquid natural gas center, an electric generation plant, and two energy transmission lines.

An article from Laprensagrafica.com: “’The project is still moving forward…we hope to begin operations during the second half of 2014,’ said Irene López, vice-president of the company. Although Cutuco began the permitting process for construction of the plant in 2005, it has encountered set-backs due to the different procedures that must be completed.”