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The Termo Puerto consortium comprised of US and Guatemalan interests is planning to start construction in November on the 70MW, first phase of a bunker-fuelled power generation project at Acajutla port in El Salvador, according to press reports.
Capacity will eventually rise to 100MW through a 30MW second phase expansion, said Napoleón Guerrero, president of El Salvador's industrial association ASI.
The plant would not need storage or deposit tanks because of its strategic location in Acajulta, which is a port that borders Sonsonante and Ahuachapán departments.
US companies ExxonMobil and Con Edison originally studied the project but decided against developing it and sold all site and project studies - completed about four years ago - to Termo Puerto, Guerrero told BNamericas.
The consortium is trying to negotiate medium-term sales contracts with Salvadorian distributors Delsur and AES to guarantee the sale of at least 50% of output, he said.
"But it is also looking to establish medium-term contracts for the direct sale of between 20-30MW to private companies," he added.
El Salvador's electricity demand is growing at about 4% a year. Installed capacity is approximately 1,000MW.