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.

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