AES Seeks Permission for Gas Power Plant in El Salvador

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

Thursday, November 3, 2011

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.

Regarding the project's funding, the company's vice-president for Central America and the Caribbean, Jaime Tupper, commented that the multi-million dollar project already counts on the support of international banks.

In addition, AES is preparing to bid for a long term contract to provide 350 MW. This contract, to be awarded by El Salvador's Electricity and Telecommunications regulator (SIGET) and National Energy Council (CNE) will seek to diversify the country's sources of energy by requiring bidders to include plans to generate energy from renewable sources.



More on this topic

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.

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.

2011 Will See Beginning of Salvadoran Gas Plant Construction

August 2010

With an investment of $950 million, the company Cutuco Energy will initiate construction of the La Unión plant in the second half of 2011.

The construction works will generate around 1,000 jobs.

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

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.

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