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.

More on this topic

El Salvador: New Tender for Subsidy Payment

January 2013

After the first tender was declared void, the Ministry of Economy will convene a new bidding process to hire the service of payments for propane gas subsidies.

The Management of Procurement and Contracts at the Institutional Economics Ministry (Minec), declared void the tender contest for the implementation of the new delivery mechanism of propane gas subsidies, after the only company to submit its bid did not meet the financial and technical requirements established.

AES Seeks to Diversify Services in El Salvador

December 2011

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.

“Minisupers” in Costa Rica Diversify

May 2011

Convenience stores, grocery stores and small suppliers are planning to add new services in order to keep customers from heading over to the competition from large chain stores.

Walmart and Megasuper Corporation’s announcement that they are to open small shops is forcing small suppliers and convenience stores to diversify their ranges and expand their services.

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.

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