El Chaparral Hydro Power Plant in 2013

The president of CEL announced that the project is going according to schedule, and will be ready in January 2013.

Monday, August 31, 2009

Nicolás Salume, president of the Executive Hydroelectric Commission of the Lempa River (CEL), added that January 3rd, 2013, is the deadline for the builder to deliver the project.

Local newspaper "La Prensa Gráfica" publishes: "[Canceling the dam would cost $500 million and the entire project $330 million] remarked Salume, when saying that if the project is suspended, Italian builder ASTALDI SpA, in charge of the project, would begin an arbitration process against the country for contract non-compliance, with far more expensive consequences".

More on this topic

Two Additional Years to Redesign El Chaparral

June 2011

The Salvadoran regulator has granted a period of two years for the submission of a redesign of the project, currently on hold.

Hurrican Agatha caused the river to overflow, flooding the construction site at the place where they were preparing to build a concrete structure.

Geological Faults at Chaparral Hydroelectric Plant

January 2011

The problems detected could lead Cel and the Astaldi consortium, responsible for the project, to submit for international arbitration.

The faults which threaten the foundations of the dam were detected after Storm Agatha, halting all works at the site.

The Executive Committee of the Lempa River Hydroelectric Plant (Cel) and the Italian consortium Astaldi, before heading for arbitration, hired an international expert to determine who has the responsibility to cover the additional costs of a possible plant redesign.

El Chaparral Dam Project to Initiate in March

February 2009

The BCIE will deliver $31.5 million in March, as an advance for a loan of $162 million, for the start of the construction of the dam El Chaparral.

La Prensa Grafica publishes in its website: "The project will cost $219 million, of which BCIE will contribute 74%, that is to say, $163 million. The remainder $56 million will come from the CEL. The BCIE loan has a time period of 20 years, with an annual interest rate of 6.5%.

Works on the Central Hydroelectric plant begin in El Salvador

September 2008

President Elias Antonio Saca will place the first stone for the El Chaparral central hydroelectric plant that will mark the formal start of construction.

The initial investment, estimated to be $163 million, will be financed by the Central American Bank for Economic Intergration, as was recently confirmed by the president of the Rio Lempa Hydroelectric Executive Commission (CEL), Nicolas Salume.

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Astaldi S.p.A.

Astaldi Group is one of the most important construction companies in the world as well as a leader general contracting and project finance initiatives in Italy.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (503) 2523-9500

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