Renewable Energy Projects for $916 million  

El Salvador announced a renewable energy investment plan which will increase the share of this type of power to 70% of the energy matrix.

Tuesday, June 18, 2013

The President of the Executive Hydroelectric Commission of the Lempa River (CEL), Leopoldo Samour, explained that "this will increase energy production by approximately 300 megawatts, coming from use of our natural resources and in order to do this we are planning a global investment of $916 million. "

One of the projects that CEL will invest in is the expansion of the hydroelectric station 5 de Noviembre with $189 million, with which it is expected that capacity will increase by 80 MW. Additionally, $219 million will be invested in the hydroelectric project El Chaparral, located in the lower part of the basin of the Torola Norte river.

On the other hand is the photovoltaic project 15 de Septiembre where the largest solar plant in Central America will be installed with a capacity of 14.2 MW and a cost of $50 million. Another wind farm which will receive investment is to be located in Metapán and will have a capacity of 42 MW, the estimated investment is $109 million and it will start in 2017.



More on this topic

Energy: Investment Projects in El Salvador

August 2019

The state-owned company LaGeo plans to invest in its geothermal fields in Chinameca and San Vicente to increase its generation capacity to an additional 80 megawatts.

In order to finance the works, the public company LaGeo, a subsidiary of the Lempa River Hydroelectric Executive Commission (CEL Group), is negotiating a $232 million loan with the World Bank.

El Salvador: $189 million for Hydroelectric Station Expansion

September 2013

Two turbines will be added to the 5 de Noviembre hydroelectric station, which means an extra 80 megawatts going into the country's energy network.

"The installed generation capacity at the 5 de Noviembre station is 100 MW and it will produce 180 MW by the end of the 2016 deadline for completion of work, informed the Executive Committee of the Rio Lempa (CEL)" according to an article in Laprensagrafica.com.

New Geothermal Well in El Salvador

May 2013

LaGeo could exploit geothermal energy in a new well located in San Vicente, generating 30 to 40 megawatts.

The company LaGeo invested about $24 million in the exploration which led to the discovery of the new geothermal source.

As outlined in an article in Eleconomista.net, the Executive Hydroelectric Commission of the Lempa River (CEL), a partner in the LA GEO which belongs to the Italian company Enel, states that "a possible plant could generate more than $37 million in annual revenues for the company."

El Salvador: Brazilian Builders Awarded Hydroelectric Plant Expansion

January 2013

The Brazilian consortium UPD, composed of Queiroz Galvao and Andritz Hydro Inepar, has been awarded the contract for $189 million.

The Executive Hydroelectric Commission of the Lempa River (CEL) awarded the expansion of the power plant called "5 de Noviembre", for which it will pay $189.3 million to the Brazilian consortium UPD, composed of the construction companies Queiroz Galvao and Andritz Hydro Inepar.

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AES Changuinola

In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007. The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year. The construction of the new Changuinola I Hydro Power Plant: * is an asset to Panama * will generate clean and 100% Panamanian energy * will create opportunities for previously excluded populations * will contribute to solve the country's energy situation * will help Panama to continue growing The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
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