A press release from the Presidency of the Republic of El Salvador reads:
The business group AES, one of the world's largest electric power generators, announced in New York during a meeting with President of the Republic, Mauricio Funes, its interest in investing more than $970 million in the construction of a natural gas generator in the province of La Union.
"My government is a responsible government where the rules of the game are clear and we will not allow any disrespect to the rule of law, in that sense we are also offering to work together," Funes said to three top company executives at the meeting.
The hearing was held in a hotel in New York shortly after the president delivered his speech to the 66th General Assembly of the United Nations Organization (UNO).
More on this topic
December 2011
The AES Fonseca project in La Union has invested $14 million of the $970 million required by the 250 MW natural gas power plant.
AES Corporation has announced that it has most of the necessary environmental permits for the project and will participate in the tender for the provision of long-term energy to be held in January 2012.
November 2011
The company is working on updating its environmental permits in order to build the plant that will generate energy from natural gas.
The power station will have capacity to generate 550 MW and require an investment of $970 million.
AES has also begun the search for manufacturers and construction companies to help build the plant.
November 2011
Having required an investment of $58 million, the first power plant fueled by methane gas in Central America has begun operations.
The plant, which uses gases from the Mides landfill as its main raw material, has an initial average generation capacity of 6MW.
"The landfill handles more than six million tons of solid waste, and the AES plant has installed 3000 meters of piping to extract the gases from garbage,” reads an article on Elmundo.com.sv.
March 2012
A municipal ordinance in La Union prohibits power plants based on coal or gas meaning that AES will be unable to take part in the tender for 350 MW.
The power generator AES Fonseca will not participate in the bidding for 350 MW for a period of 16 years scheduled for Monday, March 19th due to an ordinance of La Union, which prohibits the construction of power plants based on coal and gas.
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