Providencia Solar Power Plant
Sector: Power Generation (CCGT) • Location: El Salvador
Source: World Bank Group
The Providencia Solar S.A. DE C.V, an El Salvadorian partnership of the French company Neoen S.A.S and the Salvadoran company Almaval S.A. de C.V, announced the development of the Providencia Solar photovoltaic (PV) power plant located in Zacatecoluca (La Paz Department), El Salvador (60MW in capacity).
In July 2014, the sponsors signed a 20-year power purchase agreement with the power distribu
- Status
- Prospective
- Sector
- Power Generation (CCGT), Solar, Telecommunications, Commercial, Government
- Location
- El Salvador
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Providencia Solar S.A. DE C.V, an El Salvadorian partnership of the French company Neoen S.A.S and the Salvadoran company Almaval S.A. de C.V, announced the development of the Providencia Solar photovoltaic (PV) power plant located in Zacatecoluca (La Paz Department), El Salvador (60MW in capacity). In July 2014, the sponsors signed a 20-year power purchase agreement with the power distribution company of El Salvador (Superintendencia General de Electricidad y Telecomunicaciones - SIGET). The Providencia Solar S.A. DE C.V outrun 32 other competing bids in a public tender process organized by DelSur by offering the lowest electricity tariff of $101.9/MWh. The investment was estimated at US$ 144.2 million. In December 2015, the Inter-American Development Bank (IDB) approved a US$ 57.7 million loan from its ordinary capital and $30 million from the IDB-administered Canadian Climate Fund to partially finance the construction and operation of the project. Proparco also provided a US$ 30 million loan to the project. |
Original sector | Energy |
Budget |
Location
Country | El Salvador |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Solar, Telecommunications, Commercial, Government |
Article published date | 2024-05-29 |
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