Global sustainable energy developer Invenergy and global liquefied natural gas (LNG) solutions provider BW LNG have recently closed a $128.3 million financial package with IDB Invest to finance the special-built floating storage and regasification unit (FSRU) component of the Energía del Pacífico (EDP) LNG-to-power project in El Salvador.
This is the region’s first FSRU, which will be permanently moored at the Port of Acajutla, Sonsonate, El Salvador. Invenergy and BW LNG will jointly commission, operate and maintain the FSRU.
“BW is grateful for the opportunity to bring clean, affordable energy to the region, with the support of Invenergy and IDB Invest,” said Jessica Cheung, vice president, group treasury and corporate finance, at BW Group. “Besides enhancing this project’s competitiveness, we hope this financing encourages the development of many more LNG-to-power projects in the region.”
A key part of the EDP project, the FSRU will have a regas