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Energy
It is analyzing a project to create a terminal in the port
of Cutuco to distribute in El Salvador and Honduras.
“Despite the fact that El Salvador is known as the
smiling country, the truth is that Salvadorans are
hard-workers. Investors will find highly prepared
people for their businesses. Salvadorans are used
to challenges and overcoming difficult situations.”
Engineer Carlos Reyes, Retail Manager
DUKE ENERGY INTERNATIONAL EL SALVADOR
Julio Torres
Central American President
Edificio CESSA, 3a Planta,
Urbanización Madre Selva, Santa Elena,
Antiguo Cuscatlán
Tel: (+503) 2500 7600
Fax: (+503) 2500 7648
www.duke-energy.com
Date of creation: 1999 (El Salvador)
Employees: 23,000 (Worldwide)
Revenues: USD$13.2 billion (Worldwide)
Duke Energy is a leading energy company focused
on electric power and gas distribution operations and
other energy services in the Americas, including a
growing portfolio of renewable energy assets.
Duke Energy is among the ten largest companies
generating electricity sectors. It has assets of
over US$68,000 million and provides electricity to
approximately 3.9 million users in the United States.
It has a generating capacity of approximately 37,000
megawatts. It is a Fortune 500 company and its shares
are traded on the stock exchange in New York under
the symbol DUK.
In addition, the company has more than 4,000
megawatts of electrical generation in Latin America.
The company’s international operations are located
in the Central and South American countries of
Argentina, Brazil, Ecuador, El Salvador, Guatemala
and Peru. In El Salvador the company covers 38
percent of the maximum demand of the country and
for this U.S. company, El Salvador is a capital market
because of its continued growth and economic stability.
Its headquarters in El Salvador is located in Acajutla,
in the department of Sonsonate. Its Duke Energy
International (DEI) business unit completed and began
commercial operations of USD$75 million. Expansion
and modernization of its Acajutla power generating
facility were completed in El Salvador in 2001.
The plant´s modernization and expansion included
the installation of an additional 100 megawatts of
generating capacity, bringing the total capacity of
the plant to 300 megawatts. Duke Energy’s total
generating capacity in El Salvador is now some 400
megawatts or approximately 15 percent of the total
country’s operation. The Acajutla power generating
facility was acquired in 1999 by Duke Energy
International as part of a privatization of government-
owned electric generation assets.
“The political and economic stability of El Salvador
offers attractive opportunities for investors,” said
Duke Energy International President and CEO Bruce
Williamson. “The location of El Salvador affords
gateways for integration of the energy sector to both
North and South- making it an ideal base for growth
of our Central American operations.”
INVERSIONES ENERGÉTICAS (INE)
Engineer Ricardo Quiñonez-Ávila
Director
Calle y Col. La Mascota 261, San Salvador
Tel: (+503) 2514 4200
Fax: (+503) 2514 4247
rquioneza@yahoo.com
Activity: Energy generation and distribution
Date of creation: 2004
Turnover: 120 US million Dollars
Employees: 115
Founded in 2004, as a result of the restructuration
of the energy sector, Inversiones Energeticas
a subsidiary firm of CEL (Comision Ejecutiva
del Rio Lempa), generates and commercializes
thermoelectric power at TalniqueCentral. This electric
central develops 100 MW after the enhancement
made in 2009 that doubled its original capacity. Built
by the Finn firm Wärstsilä, it was inaugurated in 2006
with a maximum capacity of 200MW.
INE also owns 60% of LaGEO geothermic society.
Approximately 24% of the national electricity is
produced thanks to thermal energy. This source of
energy does not depend on the rainy season, nor
does it on oil nor its derivatives. LaGEO stores water
that is heated underground to use steam power to
generate clean energy.
Currently, there are two geothermic centrals: in
Ahuachapán and Berlin and two geothermic terrains
in Ahuachapán and El Tronador in Usulután through
San Vicente, 7 subsidiary firms of LaGEO. It also