Forbes highlights El Salvador’s energy export capacity

Forbes Central America magazine highlighted on Tuesday the figures published by the Central Reserve Bank (BCR) in which it is noted that between January and August 2022, El Salvador exported $33 million in electricity, going from being an importing country to an exporter of electricity. this resource.

The magazine pointed to what was said by Douglas Rodríguez, president of the BCR, who explained that El Salvador has gone from importing to exporting electricity, as evidenced by the more than $30 million in energy resources exported between January and August of this year.

Forbes Central America highlighted the words of Rodríguez, who pointed out that El Salvador no longer depends on imported energy from Honduras or Nicaragua, but rather has the capacity to provide a solution to the entire energy matrix of the country.

«We have exported $33 million in energy that is no longer used in the country but is supplied to other countries. We have always depended on Honduras and Nicaragua. We have the capacity to complete the energy matrix, including exporting energy to neighboring countries such as Guatemala. Our energy is the cheapest in the region,” said the official.

According to the BCR, in the last quarter of 2022, the energy sector grew by 15.3% in El Salvador, being part of 15 of the 19 economic activities that structure the entire Gross Domestic Product (GDP) of the country.

During a television interview last Monday, lvarez stated that El Salvador has the capacity to generate its own energy and that it is not necessary to rely on energy imports to meet the demand of the entire Salvadoran territory.