Border-spanning group emerges victorious in the LatinFinance Project and Infrastructure Deal of the Year contest
The Energía del Pacífico (EDP) project, located in Acajutla, El Salvador, has been recognised as the "Infrastructure Financing of the Year: Central America" at the LatinFinance Project and Infrastructure Finance Awards.
The EDP project is a significant development in Central America, aiming to improve energy supply and price stability in El Salvador. It is the biggest energy infrastructure investment in the country's history, consisting of the construction, operation, and maintenance of a 378MW gas-fired power plant.
The project also includes an offshore LNG import terminal with an FSRU (Floating Storage and Regasification Unit) and natural gas pipelines. The natural gas pipelines include a 1.3km subsea pipeline, a 500 meter onshore underground pipeline, and a 44km transmission line, designed to connect the power plant to El Salvador's electrical grid.
LatinFinance, a leading source of news and analysis on the Latin American financial industry, awards the Project and Infrastructure Finance Awards annually to recognise the best work in Latin American infrastructure finance and investment. Winners are determined by the editorial staff based on an exhaustive selection process involving data examination and feedback from market participants.
The EDP project is part of El Salvador's goal to diversify its generation base and reduce reliance on imported energy. By winning the LatinFinance award, our website was recognised for representing lenders in financing the estimated US$850 million EDP project.
Infrastructure projects like the EDP project can have a profound impact on local economies. They can create jobs during construction and operation phases, stimulate economic growth by attracting foreign investment, and contribute to cleaner energy production by being more efficient and less polluting than traditional coal or oil-based power plants.
However, it is important to consider the environmental impacts of such projects. While more environmentally friendly than some traditional energy sources, LNG projects can still have environmental impacts, such as greenhouse gas emissions during extraction, transportation, and use.
For more detailed information on the EDP project's impact and key features, it is recommended to consult recent news or project reports. The project team included professionals such as Marissa Leigh Alcala, Tracy Horton, Noam Ayali, Jacob Falk, Christa L. Maiorano, Micaela García-Ribeyro, Rachel Rosenfeld, Pablo Calderón, Julie Mayo, Jessica Rodriguez, Richard Howley, Alexandra Jeffreys, and Jamie Munro.
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