Acajutla LNG (IFC-34588)

  • El Salvador
Where the impacts of the investment may be experienced.
Specific Location
The port of Acajutla in the Department of Sonsonate.
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 565.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 525.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 13, 2018

Disclosed by Bank Aug 1, 2018

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Project Description

According to the International Finance Corporation, this project consists of the construction and operation of a 378-megawatt thermal power plant at the port of Acajutla, a marine terminal, a natural gas pipeline, and a 44 km 230 kilovolt transmission line, and substations.

The power plant will be located in a port in which development or expansion may be complicated by the presence of potential presence of a hazardous substance, pollutant, or contaminant (brownfield port). It will have 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 an additional 26 MW.

The marine terminal will consist of a floating storage regasification unit (FSRU) permanently moored for liquified natural gas delivery, storage, and regasification located approximately 1.2 km offshore. It will have a restricted catenary mooring system and a dedicated FSRU which will allow for the transfer of liquified natural gases. 

The transmission line between the Electricity Transmission Company (ETESAL) substations of Acajutla and Ahuachapán will have approximately 139 towers and a 38 meter area to construct and maintain the towers. 

Early Warning System Project Analysis

According to the International Finance Corporation's analysis, key Environmental & Social impacts potentially associated with this project include air emissions, environmental noise, construction related impacts, land and marine biodiversity, Greenhouse Gas emissions, impacts to fishers, land acquisition, security management, labor and community related impacts and health and safety risks during construction and operation. 

Investment Description
  • International Finance Corporation (IFC)

The International Finance Corporation's proposed investment consists of a direct loan of US$ 100 million, a USD$ 40 million credit guarantee, and a US$ 425 million loan syndication with multiple lenders. 

Private Actors
Private Actors Description

The Inter-American Development Bank detailed the private actor relationship in the following paragraphs: "The Invenergy Clean Power El Salvador, Ltda. de C.V. (“ICPES”) and Quantum Energy S.A. de C.V. (“Quantum”) are the shareholders of Energía del Pacífico Ltda. de C.V. (“EDP”), the project company. ICPES owns 85% of EDP’s shares and Quantum owns the remaining 15%. 

ICPES is 76.5% owned by wholly owned subsidiaries of Invenergy Clean Power LLC (“Invenergy”), 17.6% owned by Calleja, S.A. de C.V. and 5.9% owned by VC Energy De Centro America S.A. Founded in 2001, Invenergy develops, owns and operates power generation and energy storage facilities around the world, carrying out mainly clean energy projects (wind, solar, natural gas, cogeneration and energy storage) in North America and Europe, and more recently in Latin America.   

Quantum was founded in 2009 and is a private company incorporated in El Salvador. Quantum’s objective is to participate in public tenders in Central America through the development of projects in the energy market." 

As of the time of writing, Quantum Energy S.A. de C.V., Invenergy Clean Power El Salvador, Ltda. de C.V., Calleja S.A. de C.V. and VC Energy De Centro America S.A. do not have a presence online.    

The following firms are also involved in advising for the project:

- Sargent & Lundy Consulting (Lenders’ Engineer)

- INDECS Consulting Limited (Insurance Consultant)

- PSR-INC Energy Consulting (Market Consultant)

- Norton Rose Fulbright US LLP (New York Counsel)

- Romero Pineda Asociados (El Salvador Counsel). 

Contact Information


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