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El Salvador: Agricultural Bank starts alliance with AES

AES clients can now pay their electricity bills using automatic charge to their cards and accounts at the financial institution.

Monday, November 24, 2008

For Ernesto Magaña, manager of cards at the Agricultural Bank, the services provides many benefits to customers, since the automatic charge does not carry any additional charges and at the same time they accumulate Megamiles when the pay with their credit cards and ChequeMax cards.

The new service can be requested at any of the 64 branches by presenting a bill from the CAESS, CLESA, EEO or DEUSEM along with an ID and by choosing to account to be charged.

Source: elmundo.com.sv

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AES El Salvador Banco Agrícola El Salvador

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El Salvador

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Bill No.

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AES Seeks to Diversify Services in El Salvador

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The AES Group, through an investment of $ 4 million, plans to offer energy storage services.

The company is currently negotiating with the government to bring to the country its AES Energy Storage division.

"They own a power plant based on methane gas at the waste treatment plant of Nejapanow, and they are now they are looking to offer energy storage through a lithium battery system.

Fitch Downgrades AES El Salvador's Ratings

May 2010

Fitch Ratings has downgraded AES El Salvador Trust's foreign and local currency Issuer Default Ratings (IDRs) to 'BB' from 'BB+'.

The rating action applies to US$300 million of Political Risk Protected (PRP) bond issuance due Feb. 1, 2016. Concurrently, Fitch has downgraded Compania de Alumbrado Electrico de San Salvador, S.A.