Page 10 - GLNG Week 43 2022

GLNG AMERICAS GLNG

Invenergy announces

commercial launch of LNG-to-

power project in El Salvador

PROJECTS INVENERGY (US) announced in a statement The Invenergy statement went on to say that
on October 20 that it had succeeded in work- the introduction of gas-fired power would help
ing with its joint venture partners to launch El Salvador reduce its greenhouse gas (GHG)
commercial operations on an LNG-to-power emissions by reducing the need for using high-
project focused on the port city of Acajutla in El er-polluting fuels such as coal and petroleum
Salvador. products, Additionally, it put the cost of EDP at
The joint venture, known as Energía del Pacíf- more than $1bn and described the project as “the
ico (EDP), is now using gas imported via the BW largest-ever private investment in El Salvador.”
Tatiana, a floating storage and regasification unit The country secured funding for the LNG-to-
(FSRU) anchored offshore Acajutla, to generate power project from several international finan-
electricity at a newly built thermal power plant cial institutions (IFIs) and export credit agencies,
(TPP) in Acajutla. It takes delivery of LNG at the it added.
FSRU, regasifies it on the vessel and then pipes Michael Polsky, the founder and CEO of
it to shore via a 1.8-km pipeline. That pipeline Invenergy, expressed satisfaction with the start of
leads to the TPP, which has a generating capacity commercial operations at Acajutla. “EDP marks
of almost 380 MW. a step change in the clean energy transition in
Invenergy did not say whether the power sta- Central America and for our work as innovators
tion was yet operating at its full design capacity. building a sustainable world. Bringing our land-
However, it did note that EDP was making use of mark Energia del Pacifico project online during
the two 230-kV transmission lines. One of these the pandemic is nothing short of remarkable and
serves to connect the plant to the Central Amer- is a testament to Invenergy’s expertise and per-
ican Electrical Interconnection System (known severance and remains a shining example of the
as CAIES), which also serves the power grids of opportunities that can be created when private
El Salvador, Guatemala, Nicaragua, Honduras, initiatives have strong local government sup-
Costa Rica and Panama, it said. port,” he said. “I am proud of Invenergy’s lead-
This link will “[provide] added grid reliability ership in delivering a clean energy future for El
to the region and [open] further opportunities Salvador.”
for renewable energy in El Salvador,” the com- Invenergy has been acting as lead developer
pany said in its statement. of the EDP project, and it has backing from its
To date, it added, EDP has signed long-term partners Grupo Calleja, Quantum Energy and
power purchase agreements (PPAs) with seven VC Energy de Centroamerica, all three of which
local electricity supply companies. are based in El Salvador.™

P10 www. NEWSBASE .com Week 43 27•October•2022