El Salvador: Preparations for Tender for Geothermal Plant

The aim is to have ready by the end of the year designs and technical specifications for the power plant, in order to tender construction of the plant which will use the CHI-3 geothermal well.

Monday, July 6, 2015

At the official opening of the CHI-3 well in the town of Chinameca, it was highlighted that there is "... potential to generate 6 megawatts / hour (MW / h), which belongs to a geothermal field in the area with a potential of approximately 50 MW / h. "

Laprensagrafica.com reports that "... The president of the Executive Hydroelectric Commission of the Lempa River, David López Villafuerte said that they are now in the process of making the design and technical specifications for the power plant. The official said they expect to have the technical specifications of the plant later this year to in order to begin preparing tenders. "

"... CEL plans to invest a total of $330 million for the geothermal field in Chinameca, to be obtained with a combination of own funds from LaGeo and other financing. "

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More on this topic

LaGeo Litigation Continues

January 2013

After the last judgment which was unfavorable to El Salvador, officials have announced the continuation of the legal battle against Enel.

Representatives from the Executive Hydroelectric Commission of the Lempa River (CEL) reported that they will abide by the decision of the Parisian Court of Appeals which means that the Italian company ENEL can capitalize the geothermal company LaGeo and become the majority shareholder in the company.

Dispute Over Geothermal La Geo Heats Up Again

March 2012

Two Salvadoran government agencies are insisting on not giving the majority shares in the La Geo generator to Italy's Enel, despite a court of international arbitration ruling against them.

Inversiones Energéticas (INE) and Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL) have again refused to give the Italian company Enel Green Power a majority stake in the geothermal company La Geo, despite a ruling by an international body against them.

The Indispensible Legal Certainty

October 2011

The Salvadoran Foundation for Economic and Social Development is concerned about SIGET's intervention in the conflict between Italy's Enel and Lageo.

A statement by FUSADES reads:

Legal certainty in public procurement: Necessary element for the investment climate

The legal environment, legal certainty, clear rules and independent institutions are elements that every investor evaluates to measure the business climate in a country and decide whether to invest in it.

El Salvador: LaGeo Case Affecting Country's Image

August 2011

The dispute between the Italian company Enel and the CEL and INE commissions has sent a negative message to foreign investors.

In the opinion of experts, the fact that by the Ente Nazionale per l'Energia elettrica (Enel) and the Lempa River Hydroelectric Executive (CEL) are going through an arbitration process in order to decide who gets majority control of the geothermal plant, could be affecting the country’s attractiveness in terms of foreign investment.

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