$33 million for Electricity Network in El Salvador

The electrification project comprises 1,385 km of distribution lines for electricity in the country’s northern zone.

Monday, June 1, 2009

The contract will be executed with funds from the Millennium, and it will increase electricity coverage from 72% to 97%.

"The project will provide access to electricity service to more than 30 thousand households in 94 municipalities of the Departments of Morazán, La Unión, San Miguel, Chalatenango Santa Ana, Cabañas and Cuscatlán. The deadline for implementation of this project is three years from the signing of the contract, for which Fomilenio will contribute 85% ($28.1 million) and the AES Group will contribute 15% ($4.9 million)," published Elsalvador.com.

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Little Information from Cutuco Energy

July 2011

The company announced that in 2016 the proposed power plant in La Union, El Salvador, would come into operation, but as yet has not indicated the sources of funding or the name of the construction company.

Sources at the Salvadoran National Energy Board told CentralAmericaData.COM that Cutuco Energy Central America has obtained some of the necessary permits for the project, but not all of them, and still does not know where financing will come from. It also noted that the company AES, a global corporation already involved in the country's energy sector, has a similar project planned for installation also in La Union, and that the existence of both projects, involving an investment of about $1000 million each one, does not seem viable.

AES El Salvador Buys $350 Million in Energy

May 2010

The company, who distributes 80% of the country’s energy, purchased supply for the next two years.

After a public bidding process, the winning companies were Nejapa Power, Duke Energy and Cutuco Energy.

Abraham Bichara, President of AES El Salvador, told newspaper La Prensa Gráfica that “signing these contracts is strategic, as there will be changes in the energy market … we want to reduce costs for consumers and attract more investment to the country”.

El Salvador: $18 Million for Rural Electrification

June 2009

Plans in new infrastructure and maintenance of the existing one will be focused on the northern and eastern zones.

The executive president of AES El Salvador, Abraham Bichara, reported that $5 million have been invested to date.

Daniel Choto reported statements by Bichara in Elsalvador.com: "We're betting on rural electrification, but we must obviously complement it with those investments that are needed in the networks of major cities that are expanding"

Contract signed for laying of electric cables in El Salvador

December 2008

With an investment of $3.1 million, electricity will be provided to sectors in 34 municipalities in five departments.

According to the agreement, $2.6 million will come from the Millennium Fund, representing 85% of the cost of the project and $465 thousand, or the 15% percent, will be provided by the AES Group.

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