The Salvadoran government, in its continued commitment to fostering renewable energy, has solidified agreements with the World Bank to advance the country’s energy transition.
Authorities from the General Directorate of Energy, Hydrocarbons, and Mines (DGEHM) recently engaged in discussions with representatives from the World Bank to bolster support for significant investments aimed at enhancing El Salvador’s energy development.
As the governing body responsible for formulating and implementing the energy transition, DGEHM indicated its ongoing efforts to seek crucial partnerships to bolster President Nayib Bukele’s administration initiatives.
In pursuit of these goals, Daniel Álvarez, Director General of DGEHM, along with Marcela Silva, Director of Infrastructure for Latin America, and Gabriela Elizondo, Energy Manager for Latin America, conducted a technical visit to the San Vicente geothermal fields and the Berlin Usulután geothermal plant. Officials from LAGEO and the Executive Hydroelectric Commission of the Lempa River (CEL) also participated in the activity.
These meetings aim to drive energy transition, reduce electricity tariffs, create jobs, and boost investment.
The World Bank delegation delivered technical, administrative, social, environmental, and financial presentations on the status of technical assistance, setting deadlines for project execution.
With inputs from DGEHM, the World Bank team committed to advancing proposals that would diversify El Salvador’s energy matrix, a vision championed by President Nayib Bukele, which will increase the share of renewable energy sources, ultimately improving the quality of life for Salvadorans.