Invenergy, BW complete FSRU financing for El Salvador LNG-to-power

May 14, 2021
Invenergy and BW LNG have closed a $128.3 million package with IDB Invest to finance the floating storage and regasification unit (FSRU) component of their Energía del Pacífico (EDP) LNG-to-power project in El Salvador.

Invenergy and BW LNG have closed a $128.3 million package with IDB Invest to finance the floating storage and regasification unit (FSRU) component of their Energía del Pacífico (EDP) LNG-to-power project in El Salvador. BW Tatiana will be Central America's first FSRU and the project will meet 30% of El Salvador's energy demand upon its 2022 completion, the companies said.

BW Tatiana, with a regasification capacity of 280 MMcfd, will be permanently moored at the Port of Acajutla, Sonsonate, El Salvador. Invenergy and BW LNG will jointly commission, operate, and maintain the 137,000-cu m storage capacity FSRU.

Regasified LNG will be transported via subsea pipeline to the onshore 378-Mw natural gas-fired power plant. A 44-km, 230 kV electric transmission line will connect the power plant's output to the Central American Electrical Interconnection System, strengthening the region's electric grid, according to the companies.

Royal Boskalis Westminster NV will install EDP’s pipeline under a turnkey contract that includes dredging and laying roughly 1.8-km (1.2-miles) of 24-in. OD line from the onshore power plant to the offshore FSRU, and backfilling over the line (OGJ, Aug. 3, 2020, p. 49).