February 2020, Vol. 247, No. 2
Global News
EDP Closes Financing for El Salvador LNG-to-Power Project
Energía del Pacífico (EDP) said it has completed project financing for the LNG-to-power project currently under construction at the Port of Acajutla, El Salvador. The infrastructure project brings approximately $1 billion foreign direct investment for the Central American nation, making it the largest private investment ever in the country, EDP said.
The project is comprised of a 378-MW natural gas-fired power plant, a floating storage regasification unit (FSRU), and a 27-mile (44-km) electric transmission line that will connect to the Central American Electrical Interconnection System, strengthening the country’s electric grid. The project is scheduled to be operational by the end of 2021.
U.S.-based Invenergy, a privately held global developer and operator of sustainable energy solutions, developed EDP in partnership with El Salvador-based partners Grupo Calleja, VC Energy de Centroamerica and Quantum Energy. EDP and Shell have executed a long-term agreement to supply LNG for the project.
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