Electricity: New Investments Announced

In El Salvador during 2021, AES announced that it plans to invest between $60 and $75 million in the development of new solar energy projects and works in the distribution network.

Thursday, April 8, 2021

The company already has investments in the country. In October 2019 CentralAmericaData reported that the companies AES and Corporacion Multi Inversiones had inaugurated in the municipality of Guazapa, a solar power plant with a generation capacity of 10 megawatts.

You may be interested in "Energy investments for $1.2 billion"

The firm also controls Compania de Alumbrado Electrico de San Salvador (CAESS), Empresa Electrica de Oriente (EEO), Compania de Luz Electrica de Santa Ana (CLESA) and Distribuidora Electrica de Usulutan (Deusem).

By 2021 the company plans to invest in the electricity market. Abraham Bichara, executive president of AES El Salvador, told Elmundo.sv that "... this year the company intends to inject between $60 million and $75 million into the economy in different investment projects, a good part of the funds focused on the development of new solar generation projects."

Regarding the outlook for the sector, Bichara specified that "... last year the demand had a 5% drop and that the sector projects that there will not be a demand like that of 2019 (before the pandemic) until 2023, but they do anticipate a rebound of between 3% and 4%, close to the forecast of recovery of the local economy prepared by the International Monetary Fund."

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Renewable Energy: New 100 MW Solar Plant

May 2018

The plant that AES El Salvador has inaugurated in La Union, required a $160 million investment, and has 44 thousand polycrystalline-type photovoltaic modules, in an area of ​​149 sqm.

Pasaquina is the first of ten solar power generation plants that AES El Salvador and Corporación Multi Inversiones plan to build in the three phases of the project.  It is expected that the plants will start operations gradually over the next two years.

Renewable Energy: $500 million for New Plants

May 2018

The Congress of Costa Rica has finally approved a $500 million loan for the state electricity company to carry out electric generation and transmission works, including three geothermal plants.

Of the total amount of the loan with the Inter-American Development Bank (IDB) approved by the Legislative Assembly, close to $200 million will be used to finance the Pailas II, 50 MW, and Borinquen I, 55 MW geothermal projects, both in Liberia, Guanacaste. 

El Salvador Plans to Invest $45 million in Solar Energy

October 2015

AES has started to operate a 2.5 MW photovoltaic power plant in Moncagua, San Miguel, and announced plans to build three plants of 10 MW each in 2016.

The company's president, Abraham Bichara, told Elmundo.sv that "... there will be three modules of 10 MW each in which we are investing at least $45 million, at $1.5 million per megawatt, and we have already identified the land. "

Gas Plants in Puerto La Union Accepted

May 2012

The new mayor will maintain the ban on power plants using coal or bunker fuel, but accepted those running on clean energy.

The new mayor of the municipality of La Union, Ezequiel Milla, has amended a decree prohibiting the installation of power plants that used coal, liquefied natural gas or any derivation of hydrocarbons as fuel, which was not conducive to investment in the city.

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