Acajutla LNG

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 The Acajutla LNG project (“Acajutla LNG” or the “Project”) involves the construction, operation and maintenance of (i) a 378 MW gas-fired power plant that will run on natural gas, and (ii) an offshore liquified natural gas (“LNG”) import terminal, which will include a dedicated, permanently moored, floating storage regasification unit (“FSRU”) that will deliver gas to the power plant via an approximate 1.3 km subsea natural gas pipeline and a 500-meter onshore underground pipeline. The Project also includes the construction of an approximate 44 km, 230 kV transmission line connecting the power plant to the Ahuachapan substation and a 0.4 km, 115 kV transmission line connecting the power plant to the Acajutla substation. The power plant and the FSRU will be located within an existing port and industrial area, secured under a 24-year lease agreement with the Executive Commission of the Port of Acajutla (CEPA), who owns and manages the port. To achieve its goals of increased electricity generation and reduction in overall electricity prices, in 2012, the Government of El Salvador launched a tender process for the supply of up to 355MW of new generation capacity to be allocated across seven private distribution companies for a period of 20 years. EDP won the tender with a 378 MW gas-fired base-load power plant and signed a 20-year Power Purchase Agreement at the end of 2013.