Natural gas

A joint venture between Energía del Pacífico and Invenergy in September will start building an LNG terminal and power plant in Acajutla, El Salvador.

The plant will have a capacity of 355 megawatts, in a country with current capacity of 1.8 gigawatts.

Energía del Pacífico is a subsidiary of Quantum Energy, a privately owned company based in San Salvador.

Based in Chicago, privately-owned Invenergy has developed 20 gigawatts of capacity in clean energy projects in the United States Asia, Europe and Latin America.

Meanwhile, Panama in August will inaugurate the first power facility in Central America using liquefied natural gas, following an investment of $1.2 billion by AES Colón, a joint venture of United States-based The AES Corporation and Panama-based Bahía Inversiones.

The first part of the project involves a power plant with a capacity of 381 megawatts.

A second stage, which will start operations in 2019, consists of storage and terminal facilities with a capcity of 180,000 cubic meters, 25% of which will be consumed internally, with the rest available to customers throughout the region.

The port of Colón is on the Caribbean coast of Panama.

The AES Corporation last year had revenue of $11 billion from power-generation and transmission operations, using energy sources which include coal, diesel, oil, natural gas, hydro, solar, wind, and biomass.

The company’s stock trades on the New York Exchange as AES.

Led by the brothers Alberto Motta and Stanley Motta, Bahía Inversiones is a private Panamanian company whose portfolio includes financial services, real estate, technology, transportation, ports, energy and retail, with companies such as Banco General, and Copa Airlines, as well as the regional operations of Assa Compañía de Seguros.