El Salvador announces ‘biggest investment’ in private power

Salvadorian company Quantum-Glu, backed by Finland’s Wartsila, is to build a natural gas-fired power plant at the Acajutla Port, located 100 km from San Salvador, the country’s capital city.

Dr. Alexander Segovia, technical advisor to President Funes, told the AFP news agency that the project investment could reach $1bn, making it biggest investment in a private power project in the country’s history.

The plant is expected to enter commercial operation by 2018.

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