El Salvador Invites Tenders for 350 MW Power

Government and electricity distribution companies are preparing the terms and conditions for the contract bidding process that they plan to launch in October or November this year.

Monday, September 27, 2010

Luis Reyes, executive secretary for El Salvador's National Energy Commission (CNE), indicated that they are looking for up to 350 megawatts (MW) of energy, approximately 30% of current demand, in order to cover the expected shortage in coming years.

Reyes added that in order to cover the shortage a long term contract was planned with power generation beginning in 2015, according to Laprensagrafica.com.

More on this topic

Tender for 100 MW of Renewable Energy in El Salvador

February 2014

There are now twenty companies, both Salvadoran and from other countries that have purchased bidding rules for the supply of energy.

About 20 companies have acquired the bidding rules for the supply of 100 MW of power to be contracted out with two technologies of generation; they are 60 MW using photovoltaic systems and 40 MW using wind power.

Coal Plant for $400 Million

May 2013

Cenérgica is planning to build in El Salvador a coal power generation plant, which would produce about 150 megawatts.

However, according to Ricardo Hernandez, CEO of Cenérgica, execution of the project planned by the company IC Power, part of Israel Corporation Limited (IC) will depend on the suitability of the tender conditions for the contract for the long-term supply of 350 MW .

ENEL has $127 million to Invest in El Salvador

July 2011

Since litigation began in 2008 regarding the funding of LaGeo, investment plans in El Salvador have ben stalled, but are now coming back into effect.

An article in Laprensagrafica reports that the company Enel will invest $127 million in El Salvador next year as part of the original plan which was based on an agreement with shareholders that the Italian company would provide more capital, in exchange for just over 50% of the shares of the geothermal company LaGeo. This investment plan has been frozen since 2008 after ENEL began arbitration proceedings against ENEL Investment Energy (INE) and the Lempa River Hydroelectric Executive (CEL) because they wouldnt allow the funding.

El Salvador: Energy Investment at a Standstill

January 2011

Private investment remains at minimum levels in the country, due to lack of clear long term regulations.

Alberto Triulzi, executive president of Nejapa Power, stated that “all over the world, companies are investing in energy, except in El Salvador”, and noted that Nejapa Power, Duke Energy, Delsur and Grupo AES are investing everywhere “but in El Salvador”.

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