El Salvador: Large Scale Power Station Project Takes Off

Pacific Energy has announced its entry as majority partner in Invenergy in the project for making a 355 MW generator using liquefied natural gas, which has not yet been announced by the US company.

Tuesday, January 19, 2016

According to statements made by the CEO of the company Pacific Energy (EDP), Alejandro Alle, published in an article on Elmundo.sv, the US company Invenergy LCC will acquire between 70% and 85% of Pacific Energy, facilitating the participation of multilateral credit agencies in the $800 million financing which is required.

Project description according to the environmental impact study:

The Environmental Impact Assessment (EIA) submitted to the Ministry of Environment and Natural Resources in December 2014 by Pacific Energy SA de CV (EDP), a company owned by Quantum Energy SA de CV, and Generadora La Union SA de CV, indicates that development will be called "LNG to Power" and will be located in the port of Acajutla.

The aim of the project is to construct and operate a liquefied natural gas terminal (LNG) and power generation plant based on natural gas in the municipality of Acajutla, for the purpose of providing up to 355 MW of electricity to the distribution companies of El Salvador.

More on this topic

Financing for 378 MW Gas Plant

March 2019

The U.S. government approved up to $350 million to finance part of the construction of the liquefied natural gas (LNG) power generation plant EDP in Acajutla, El Salvador.

The U.S. government, through the Overseas Private Investment Corporation (OPIC), approved the financing on March 20, 2019, according to the U.S. Embassy in El Salvador.

More Delays for Natural Gas Plant

October 2017

In order for Pacific Energy to start building the natural gas plant at Acajutla port, El Salvador, the Congress must approve a concession law designed specifically for that project.

The concession granted to Energía del Pacifico (EDP) to supply 355 MW of energy generated from natural gas must first have its own concession law, which must be approved by the Legislative Assembly. 

El Salvador: Shell Could Supply Natural Gas to New Plant

May 2017

Energía del Pacífico has announced the signing of a contract for the purchase and sale of natural gas with Shell International Trading Middle East for the planned power generation plant to be built in Acajutla.

The company Energía del Pacífico (EDP), which obtained the contract to build and operate a 378 MW power plant in the port area of Acajutla, announced the contract with Shell, ending a long process that began in the middle of 2015, when the tender for the supply of liquefied natural gas was announced. 

El Salvador: Supplier of Liquefied Natural Gas

July 2015

A tender has been launched for the supply of liquefied natural gas for twelve years from 2019 to go to Energía del Pacífico's electricity generating plant.

From a statement issued by the Superintendent of Electricity and Telecommunications (SIGET):

The Superintendency of Electricity and Telecommunications, SIGET, and the company Energía del Pacífico (EDP), are pleased to announce:

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