Acajutla LNG

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 Invenergy Clean Power El Salvador, Ltda. de C.V. (hereinafter Invenergy or ICPES) and Quantum Energy S.A. de C.V are the Sponsors of the “Acajutla LNG” project and shareholders of Energía del Pacífico Ltda. de C.V. (EDP), the project company. The project involves the construction and operation of a 378-megawatt (MW) thermal power plant at the port of Acajutla in the Department of Sonsonate in El Salvador and a marine terminal, consisting of a floating storage regasification unit (FSRU) permanently moored, for liquified natural gas (LNG) delivery, storage, and regasification, as well as a natural gas pipeline that will run from the FSRU to the power plant. The project includes the construction of a 44 km, 230 kilovolt (kV) transmission line and related substations to connect the power plant to the electrical grid of El Salvador. The power plant will be located in a brownfield port and industrial area in the municipality of Acajutla, in premises secured under a 24-year lease agreement with the Executive Commission of the Port of Acajutla (CEPA), who owns and manages the port.The power plant will consist of 19 Wärtsilä 18V50SG internal combustion reciprocating engines with capacity of 18.9 MW each, and a combined steam cycle system that will use the exhaust gases of the engines to produce additional 26 MW.  The LNG marine import terminal consist of a Restricted Catenary Mooring (RCM) system and a dedicated and chartered FSRU located approximately 1.2 km offshore.  LNG carriers will moor directly to the FSRU with flexible hoses utilized to transfer LNG. The FSRU will receive approximately six LNG shipments per year.  A combination of a flexible 3-D riser and a subsea gas pipeline will transfer the re-gasified natural gas from the FSRU to the onshore power plant.  The transmission line (T-Line) between the Electricity Transmission Company of El Salvador (ETESAL) substations of Acajutla and Ahuachapán will have approximately 139 towers and a 38-meter wide right-of-way (ROW).  The project involves the construction of a switchyard inside the project site in the port of Acajutla and the expansion of both substations.Civil works at the plant site are scheduled to commence in the second quarter of 2019 with a project’s commercial operation day (COD) planned for July 1st, 2021.  IFC’s proposed investment will comprise of a direct loan of US$ 100 million, a US$ 40 million credit guarantee and syndication of US$ 425 million.