El Salvador’s State-Owned Companies Boost Energy Generation.

El Salvador’s state-owned energy companies have reported significant growth in energy production. The Directorate General of Energy, Hydrocarbons, and Mines recently announced that in August, the nation witnessed a substantial production of 256.51 gigawatt-hours (GWh). This remarkable surge in energy output was driven primarily by geothermal energy, closely followed by hydroelectric power.

The substantial investments made by President Nayib Bukele’s government in the energy sector have played a pivotal role in increasing renewable energy generation, ultimately benefiting thousands of Salvadoran families.

During August of this year alone, El Salvador produced 256.51 GWh, marking an impressive increase of 250.99 GWh compared to the previous month. Geothermal power plants emerged as the primary source of this surge, closely trailed by hydroelectric facilities, according to the Directorate General of Energy, Hydrocarbons, and Mines.

Statistics further revealed that the geothermal plants operated by LAGEO contributed 129.52 GWh to the energy output, while the hydroelectric plants managed by the Executive Hydroelectric Commission of the Lempa River (CEL) generated 91.39 GWh.

Additionally, smaller hydroelectric plants operated by the Electric Company Cucumacayán (CECSA) contributed 3.65 GWh, and Investments in Energy (INE) added 31.95 GWh to the overall energy generation.

This surge in energy production has had a significant impact, benefiting over 2 million users and creating a surplus that El Salvador can sell to neighboring countries. This development has transformed El Salvador into one of the leading energy exporters in Central America.

A statement from the institution emphasized their commitment to renewable energy, ensuring the economic well-being of the Salvadoran people, and protecting natural resources. Even in the face of the global crisis caused by the El Niño phenomenon, the institution has taken measures to secure the energy supply for the Salvadoran population and continue exporting to neighboring nations.

The government has also announced its determination to continue developing renewable projects with the goal of diversifying the country’s energy matrix and maintaining stable energy prices. In 2022 alone, energy exports reported a staggering growth rate of 1,860%, successfully meeting both domestic demand and the needs of other countries, according to data from the Central Reserve Bank (BCR). From January to May 2023, exports have already shown a remarkable growth rate of 391.8%, amounting to $33.5 million.

El Salvador’s commitment to renewable energy not only ensures a sustainable future but also solidifies its position as a regional energy leader, providing benefits both locally and abroad.