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.
Panamanian authorities have declared the deadline passed for Panama NG Power to present evidence of economic backing for the construction of the 670 MW natural gas plant.
Last December ajudicial rulingwas issuedby means of which Panama NG Power was granted 150 days to demonstrate that it has the economic capacity to develop the project. According to the company's interpretation, this time period began on March 8, 2018.
One month after its license was canceled, a judicial ruling has reactivated the project to construct and operate a 670 MW natural gas plant, under the responsibility of NG Power.
Panama NG Power has been given authorization to postpone until 2020 the start-up of operations of the natural gas-based generation plant to be built in Cristóbal, in the province of Colón.
The energy supply contracts signed between Panama NG Power and the energy distributors Edemet, Ensa and Edechi were modified so that the start-up of the natural gas plant could be postponed until 2020.
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.
The 380 MW natural gas plant being built by AES in Colon, Panama, is currently 30% complete and the start of operations remains scheduled for 2018.
The plant, whose construction started in May last year, will have three generators, three gas turbines and one steam turbine, reaching a total installed capacity of 381 MW.
The ASEP has reactivated the license granted to Panama NG Power to build and operate a 670 MW generating plant based on natural gas in Cristobal, province of Colon.
The licenseinitially granted in 2011, was canceledduring the current administration of the Public Services Authority (ASEP) because of delays in delivering information on Panama NG Power's project financing. Now,"... The appeal on constitutional guarantees granted by the Supreme Court to the company has forced the Asep to declare the license valid."
The 380 MW natural gas plant to be built by AES in Panama promises to change the country's energy matrix, and the way energy is generated and distributed in Central America.
The economic flow that has already started with the construction of the gas plant in the province of Colon will be felt not only in the energy sector in Panama, which could become an energy generating and distribution hub in the region, but also in other productive sectors that will benefit from greater stability in energy costs and generate greater dynamism in logistics and shipping.
The company Engie has also announced the construction of a plant with storage capacity of 180,000 cubic meters for the generation of 350 MW.
From a statement issued by Engie:
ENGIE announces the signature of a binding Memorandum of Understanding with Gas Natural Atlántico, under which ENGIE will supply up to 400,000 tonnes of LNG per year from 2018 on a 10-year period at Costa Norte LNG Terminal in the Colon Province, Panama.
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.
The company AES is studying the feasibility of expanding the Andrés terminal in the Dominican Republic in order to export liquefied natural gas and build a pipeline with capacity to generate 1,000 MW of energy.
For the expansion of the terminal at Andrés an $25 million investment is estimated, while for pipeline construction the company AES plans to invest $100 million. These projects are expected to be ready during the third quarter of 2016.
Pacific Energy has announced that it has signed the lease contract for the space which will be used for its plant in the port of Acajutla and has completed the EIS.
Energía del Pacifico (EDP) announced that progress that has been made on three specific areas: the environmental impact study, holding an day for providing information and public consultation with the residents of the area where the plant will be located, and the signing of the contract for lease of the space to be used in the Port of Acajutla.
The Public Services Authority has denied extension request by Panamá NG Power S.A. to submit information on funding for the 670 MW plant.
Prensa.com reports that "... The requirement for 'financial closure', or definition of project financing, must be presented on October 31st this year, but the company asked the Asep, on 27 August, for an extension for its submission. "
An environmental impact study has been presented for the construction of a plant for power generation based on natural gas called Tocumen, in the province of Panama.
The company SoEnergy S. de RL Panama has presented an environmental impact study for the construction and operation of a power generation plant based on natural gas in the village of Tocumen, district of Panama, province of Panama.
A design has been presented for a power generating plant of 355 MW based on natural gas to be constructed in Acajutla and which will begin operating in 2018.
The project, to be developed in Acajutla, Sonsonate department also includes the construction of a floating storage tank, another ground storage tank, a spring, a generating power plant and associated transmission line.