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EDP to sign LNG deal in El Salvador

Friday, July 4, 2014

Energia del Pacifico, the winner of a tender to build a power plant in El Salvador, plans to sign this month a purchase agreement for the first supply of liquefied natural gas, LNG, to mainland Central America.

EDP, a venture between Quantum Energias Limpias and Finland’s Waertsilae Oyj, will buy 500,000 metric tons of LNG a year to fire the power plant it will build at the port of Acajutla in a project backed by the World Bank’s private lending arm.

The contract will be for 20 years of supplies for the facility that’s scheduled to start commercial operations in January 2018, said Quantum CEO Alejandro Alle.

Source: Bloomberg