Will EDP introduce a new source of thermal energy to El Salvador?

EDP will introduce a new source of thermal generation to El Salvador through power purchase agreements with seven of the country’s distribution companies.

How does electricity work in El Salvador?

From there, the gas powers 19 internal combustion engines and waste heat feeds one steam turbine. Two 230-kV electric transmission lines, one of which connects to the Central American Electrical Interconnection System, provides added grid reliability to the region and opens further opportunities for renewable energy in El Salvador.

How much does electricity cost in El Salvador?

El Salvador, June 2023: The price of electricity for households is USD 0.240 per kWh. The electricity price for businesses is USD 0.196 per kWh. This includes all components of the electricity bill such as the cost of power, distribution and taxes.

How much money is invested in El Salvador?

In total, the project represents an approximately $1 billion investment in El Salvador. At least $10 million will be invested in economic and social works during the term of the power purchase agreements, strengthening local communities with a more than $500,000 investment per year.

When did El Salvador's EDP power plant start operating?

Despite the enormous challenges, including supply-chain disruptions, travel restrictions, airport closures, global financial volatility, and Salvadoran COVID-19 mitigation measures and regulations, the power plant began commercial operation in October 2022. EDP is a transformative investment in El Salvador’s clean energy future.

How will EDP help El Salvador meet its climate goals?

In addition to meeting nearly one-third of El Salvador’s energy demand, EDP is projected to help the country meet its climate goals by reducing carbon emissions by 600,000 tons annually. The project has also been a catalyst for job creation and growth in the country.