El Salvador Energy Storage Container Factory

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.

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.

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.

How much money has El Salvador made from foreign direct investment?

Carral said financing was completed in December 2019, and represents a foreign direct investment of about $1 billion for El Salvador—the largest private investment ever made in the country.

Is forced labor illegal in El Salvador?

While forced labor and slavery is illegal in El Salvador, it seldom occurs in the agricultural and industry sector. Notwithstanding, EDP’s HR policy includes a commitment not to not use forced labor and to monitoring its supply chain for risks associated with this issue.

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.