El Salvador: $ 27 Million in Energy Investments

AES El Salvador announced that $27 million will be invested next year to expand electricity coverage.

Thursday, December 16, 2010

Ricardo Vega, AES Vice President of Operations, commented a bidding process which would generate 300 megawatts in 15 years, promoted by the Superintendence of Electricity and Telecommunications.

"Vega said the bidding documents are ready and are expected to be published during the first half of 2011, so the winner can start building the power plant in June" reported Elsalvador.com.

More on this topic

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.

Panama to Invest $ 4.377 Million in Energy

November 2010

The number includes the total investment for the electricity sector between 2010 and 2015.

The $ 4,377 million represents 22.5% of the gross domestic product (GDP) in 2009.

"The bulk will be hydro generation with $ 2.655 million with a contribution to the electrical grid of about 841 megawatts, half the country's current installed capacity," published Prensa.com.

El Salvador Invites Tenders for 350 MW Power

September 2010

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.

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.

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Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
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