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EDP begins works on first liquefied natural plant in El Salvador

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Energía del Pacífico – EDP is the developer of the first electric power generation project based on Liquefied Natural Gas in the municipality of Acajutla, Sonsonate.

 

The construction began in January on a 126,000 square meters site. The first phase is expected to be carried out in a period of 5 months between January and May this year. Later on, the second stage of construction will be developed focused on the foundations of equipment and buildings. The third stage concentrated on structures and a last stage that includes specific works with buildings.

 

The works that are being carried out in this initial phase consist in the preparation of the site that includes cleaning and terracing, stabilization and improvement of the soil, leveling of the soil, rainwater collection systems, rainwater retention pond, erosion control and discharge, erection of perimeter wall, Access roads and habilitation of the internal circulation and parking areas.

 

The project consists of three major components: the LNG generating plant and maritime terminal for storage and regasification; the submarine LNG pipeline, which will run from the maritime terminal to the plant; and a 230 Kilowatt transmission line.

 

The total construction of the plant will be executed with an investment of US$ 1,000 million dollars, the largest investment in the history of El Salvador, 70 % financed by multilateral agencies and the rest will be private capital of the firms Invenergy LLC, Chicago, United States; and Quantum, El Salvador the developers of the projects.

 

Among the international financiers are: Overseas Private Investment Corporation (OPIC); the European Finnvera-KFW and the International Finance Corporation (IFC) and the World Bank Institution.

 

The benefits of the plant, once it begins opertaions, will be the diversification of the energy matriz, the increased energy availability and the promotion of gasification in El Salvador and Central America.

 

 In addition, the company makes social investment in Acajutla, as it has annually commited to contribute to the social development of the municipality with an anual investment of UD$ 532,000 for 20 years, a contribution that began in 2016.

 

The sources of Jobs that the project will generate 1,000 will be for employees during the construction stage and another 60 when it comes into operation, between technical and administrative positions.

 

The plant is expected to be operational in July 2021, supplying 30 % of the country´s energy consumption and with an installed power of 378 megawatts.

Actualizado 04/29/2019
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