$600 million for coal plant in El Salvador

The cost of the coal plant that the AES Fonseca company will build at the future La Union Port will be some $600 million.

Tuesday, June 17, 2008

The cost of construction, which is slated to start at the end of January or early February, increased due to high steel prices, according to Neil Watlington, AES Fonseca director.
AES has already found international financial institutions that are interested in the electric energy project. Banks interested in provided credit to AES include HSBC, ABN Amro and WestLB.

More on this topic

El Salvador : More than $900 million for Natural Gas Plant

November 2013

The consortium Quantum-GLU would be the winner of a long-term contract to supply 335 MW generated from a power plant that would be built by the company.

A statement from the National Energy Board reads:

The electricity distribution company DELSUR has made public the financial bids offered by two companies who submitted documents for the tender for 355 megawatts (MW) of power and associated energy, namely: Asocio Quantum-GLU and AES Fonseca Energía, who on October 1 submitted the information required to participate in the tender for the supply of power for 20 years.

Panama Extends Power Plants Rental

June 2011

The state has extended the lease on the Aggreko power plants until October.

Low levels in reservoirs and the postponement in the start of operations of the AES Changuinloa hydroelectric plant until September, have led to the extension of the lease.

"The original contract for one year costs $55.5 million and expired in March, but the Cabinet approved a three month addendum that expires in June at a cost of $14 million", noted an article in Prensa.com, "with the extension of the contract, another $14 million would probably have to be paid."

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.

Possible Delay in Coal Plant in El Salvador

June 2009

The construction of a coal-based power generation plant, which was scheduled to open early this year, could be delayed further.

The plant is located on land near La Unión Port and runs the risk of not even being built, depending on the outcome of the tender.

Daniel Choto wrote in an article in Elsalvador.com: "It all depends on the outcome of an international tender that energy distributors have published in order to purchase 320 Mega Watts of power in the form of long-term contracts, said the chairperson of AES Group. It all depends, he said, on the outcome of the tender. If the group’s company that would be bidding wins, construction would have to begin immediately, once the pending municipal permits are obtained, he said."

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