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AES inaugurates new combined cycle power plant and LNG terminal

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LNG Industry,

AES Corp. has released a statement inaugurating AES Colón, a 381 MW combined cycle power plant and the first LNG terminal in Central America.

The plant and regasification terminal are expected to commence commercial operations on 1 September 2018. The LNG tank will be the largest in the Caribbean, and is expected to commence operations on schedule in 2H19. The combined facility represents an investment of US$1.15 billion, and satisfies a growing requirement for natural gas in Central America and the Caribbean.

AES Colón will expand the use of LNG exports from the US to drive economic development and shape a cleaner, more cost-effective energy future in Central America and the Caribbean.

Andrés Gluski, AES President and Chief Executive Officer, said: “The inauguration of AES Colón is a significant step toward diversifying the energy mix in Central America and the Caribbean, introducing cleaner alternatives in Panama and beyond.

“We expect that the entry of low-cost, US LNG will transform the Central American energy sector, much as it has in the Dominican Republic. This facility is the latest example of how innovation is driving a cleaner energy future on a global scale.”

To start with, the company will use 20 trillion Btu/yr, with US gas exports totalling approximately US$140 million. The LNG terminal has a capacity of 80 trillion Btu, creating the potential for over half a billion dollars per year in US gas exports. The 60 trillion Btu of excess capacity available through AES Colón will allow for distribution across Central American countries for electricity generation, commercial and industrial customers, transportation and bunkering.

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