Invenergy commissions 380 MW LNG-to-power project in El Salvador
Invenergy has begun commercial operations at the 380 MW Energa del Pacfico (EDP) LNG-to-power project at the Port of Acajutla in El Salvador.
The project also includes the construction of a permanently moored floating storage regasification unit (FSRU), a 1.8 km subsea pipeline that connects the power plant to the FSRU, and two 230 kV electric transmission lines, one of which connects to the Central American Electrical Interconnection System.
The USD1 billion project was financed by U.S. International Development Finance Corporation, International Finance Corporation, IDB Invest, Finnish Export Credit Ltd and KfW IPEX-Bank. It has long-term power purchase agreements with seven local electric distribution companies.
The development was led by Invenergy, with assistance from Grupo Calleja, VC Energy de Centroamerica, and Quantum Energy. Invenergy also worked with BW LNG, BW Offshore, SAAM Towage, Boskalis, Wartsila, Elecnor, and Shell, to construct the project.
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March 17, 2017
IFC Global Infrastructure Fund invest in I Squared Capital LATAM energy platform
IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
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January 17, 2017
El Salvador awards 170 MW of solar and wind projects
El Savador National Energy Council has awarded about 170 MW of solar and wind power supply contracts with a 20-year term.
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November 03, 2016
El Salvador receives bids for renewables auction
El Salvador power utility, DELSUR, has announced that 19 companies has participated in a tender process to procure more than 1 GW from renewable energy sources. Read more -
October 14, 2016
Duke Energy completes exit of international business in deals valued at $2.4 billion
Duke Energy has reached an agreement to sell its international businesses in Peru, Chile, Ecuador,Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt) Read more -
September 12, 2016
62 companies bid in renewables auction in El Salvador
The Electricity Distribution company DELSUR has announced that 62 companies are interested in taking part in the tender process to procure 170 megawatts (MW) from renewable energy sources. Read more
