San Salvador Large Energy Storage Vehicle

Why is the El Salvador power project important?

The power project, which began taking shape in 2013, is important for El Salvador because it offers cleaner energy production, replacing heavy fuel oil for power generation while offering flexibility the country needs to support the addition of more renewable energy resources to the national power grid.

Why is El Salvador a big importer of electricity?

El Salvador currently imports about one-quarter of the country’s total electricity, making it the largest importer of electricity in Central America. Government officials have said the heavy reliance on imported power creates energy security risks, along with providing an economic challenge.

What will BW LNG do for El Salvador?

BW LNG will provide management oversight during conversion and operation. As the smallest country in Central America, El Salvador relies heavily on imported Heavy Fuel Oil-fired generators for its dispatched power.

How does EDP work in El Salvador?

By shifting a significant amount of power supply to natural gas, EDP reduces El Salvador's reliance on diesel and heavy fuel oil-fired power generation, offsetting 600,000 tons of carbon dioxide emissions per year, and provides grid support to facilitate more renewable energy penetration, further diversifying the country's energy mix.

Does El Salvador need a generator?

As the smallest country in Central America, El Salvador relies heavily on imported Heavy Fuel Oil-fired generators for its dispatched power. Our Project is expected to be the lowest cost thermal generator in the country, and it aims to supply 30% of the county’s total demand and significantly reduces its energy imports from 25% to about 5% in 2023.

Who financed El Salvador's infrastructure project?

The more than $1 billion transformative infrastructure project, the largest-ever private investment in El Salvador, was financed by leading global financial institutions U.S. International Development Finance Corporation, International Finance Corporation, IDB Invest, Finnish Export Credit Ltd and KfW IPEX-Bank.