The limited energy supply that El Salvador is expected to experience in the next three to five years, as well as increased cement demand as the economy starts to grow, are the main reasons that Holcim has to decided to invest in a power plant in the coming years.
Therefore the company is considering the construction of a power plant that will generate 100MW of power and associated energy to supply the cement factory and sell the surplus through the national network, CEO of Holcim, Ricardo Chavez Caparroso confirmed yesterday.
Mr Caparroso said the company has now three sites in different parts of the western country in mind where they could build and assemble the equipment for new generator based on petcoke.
The cost of a plant could be around US$ 150m, he said, noting that there are other local and foreign investors interested in running the project.
Caparroso Chavez said that it is to be decided if the plant will be built in Acajutla, Sonsonate, or the Sitio del Niño, taking into account that in these places there are transmission system substations to increase power to the national grid.