Financing for 378 MW Gas Plant

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.

Thursday, March 21, 2019

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.


See "378 MW Gas Plant Project Goes Ahead"

"Vice President and Director of OPIC's Northern Triangle Initiative, Ryan Brennan, said: 'Investment creates jobs and opportunities and is one of the most effective tools for producing stability,'" explains the diplomatic headquarters statement.


The document states that the Pacific Thermal Power Plant (EDP) is a joint effort of the U.S. company InvEnergy and the Salvadoran firm Quantum, among other private investors. The project has an estimated total investment of $877 million, the largest foreign direct investment in El Salvador.


Also see "Central America: $1.6 billion in Energy Projects"

The statement concludes that "... In a meeting with President-elect Nayib Bukele last week, OPIC leaders pledged to facilitate greater investment in El Salvador to improve lives and strengthen the economy."

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More on this topic

378 MW Gas Plant Project Goes Ahead

June 2018

In El Salvador, Energía del Pacifico has announced that it has met the requirements to obtain financing, and that it will start construction of the plant in the third quarter of the year.

After the delays reported in the project to construct the natural gas plant in the port of Acajutla, being run by Energía del Pacífico (EDP), representatives from the company reported that they now have the feasibility and permits to start their construction.

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. 

Panama: More Funding for Gas Generator

August 2016

The International Finance Corporation will provide $150 million for the construction of a project to construct an electricity generation plant based on natural gas in the province of Colón.

This new loan is in addition to the syndicated loan in which Banistmo, Bancolombia, Banco Centroamericano de Integración Económica Banco General and Global Bank, announced in May 2016.

El Salvador: Large Scale Power Station Project Takes Off

January 2016

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.

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.

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