The head of the Lempa River Hydroelectric Executive Commission, Daniel Alvarez, in an interview with Forbes International magazine, explained that this effort will allow the country to position itself as a regional reference in harnessing and exporting clean sources of energy.
The areas that will benefit from this investment will be geothermal, solar, wind, biogas, natural gas and other projects to produce 99% of its energy with renewable sources by 2030.
Alvarez underscored, “we are focused on expanding geothermal energy capacity, a resource that has not been exploited in over 20 years. We are developing two new geothermal fields that will add 20 and 10 megawatts, respectively.”
In this type of production, the authority argued that an investment of US$500 million will be made in the next few years. In turn, in the case of biogas, there will be allocated US$80 million on the gas Acajutla plant, while wind projects will receive an injection of around US$120 million, and oil exploration will get around US$80 million.
Public sector investment will reach close to US$1.5 billion in the next five years and, Alvarez remarked that adding private investments, they could be talking around US$ 3 billion.
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