The renewable energy projects are each expected to provide 90 megawatts to the Panamanian national grid.
According to breakbulk.com, “permits for the projects are expected to be approved by December 2011. Construction of the facilities is expected to begin in early 2012, and should take about 18 months. The estimated investments for these projects are US$360 million each”.
Source: Break Bulk
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November 2010
The number includes the total investment for the electricity sector between 2010 and 2015.
The $ 4,377 million represents 22.5% of the gross domestic product (GDP) in 2009.
"The bulk will be hydro generation with $ 2.655 million with a contribution to the electrical grid of about 841 megawatts, half the country's current installed capacity," published Prensa.com.
February 2011
The loan from the European Investment Bank will finance the improvement of the national electricity transmission network.
The loan will finance the expansion and improvement of energy supply, increasing efficiency, improving service reliability and increasing power generation from renewable sources such as hydro, geothermal and wind.
July 2011
Since litigation began in 2008 regarding the funding of LaGeo, investment plans in El Salvador have ben stalled, but are now coming back into effect.
An article in Laprensagrafica reports that the company Enel will invest $127 million in El Salvador next year as part of the original plan which was based on an agreement with shareholders that the Italian company would provide more capital, in exchange for just over 50% of the shares of the geothermal company LaGeo. This investment plan has been frozen since 2008 after ENEL began arbitration proceedings against ENEL Investment Energy (INE) and the Lempa River Hydroelectric Executive (CEL) because they wouldnt allow the funding.
September 2011
The IDB has approved a loan to support the reform process of the energy sector and to diversify the energy matrix.
A press release from Inter-American Development Bank (IDB) reads:
An IDB loan of U.S. $100 million will strengthen the power sector in El Salvador
The Inter-American Development Bank (IDB) today approved a loan of U.S.
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