Agreement on Dissolution of Chaparral Contract

The CEL and the construction company Astaldi have rescinded the contract for the dam construction by mutual agreement, with $108 million being paid to the Italian company.

Friday, July 6, 2012

The termination of the contract between Astaldi and Executive Hydroelectric Commission of the Lempa River (CEL) was endorsed by the Republic of El Salvador’s Accounts Court, which stated that "one of the effects of an annulment is that payment to the contractor is recognized on the basis of the work or services performed wholly or partly and goods delivered or received. "

The construction of the 65 MW dam,started in 2008 with an estimated investment of $219 million, of which $163 milion came from a loan from the BCIE.

"The El Chaparral hydroelectric dam on the river Torola, was scheduled to be ready in 2013, but the storm Agatha in 2010 caused damage to the work and from that date geological movements have been detected in the right margin. Astaldi said that for safety reasons, work was not carried out in the margin and it would be necessary to redesign the plans for the dam", reported La Prensa Grafica.

More on this topic

$111 Million To Finance Chaparral Dam

January 2013

The Executive Hydroelectric Commission of the Lempa River (CEL by its initials in Spanish) in El Salvador is looking for a company to do a redesign of the project.

Commenting on the subject, Leopoldo Samour, CEL’s president, said, "Today, El Chaparral is in a phase in which we are making requests to leading international design firms, this means that the final design commission knows the development cost of the project.

Panama: $1049 billion for Hydropower Station Chan II

May 2014

GDF Suez and Enel Green Power did not submit bids and in the end the 50 year concession of Changuinola II went to the only remaining contestant, Oderbrecht Energy.

The financial offer made by the Brazilian company for the 213 MW hydro station exceeded, by $419 million, the cost of the Chan I plant, whose generating capacity is similar and which also uses the Changuinola river as a common source.

Palmerola Airport Concession Canceled

October 2014

The Honduran government has annulled the contract awarded in January to the company Saisa for the construction of the terminal and announced they will put it out to tender again.

The project will be conducted under conditions different from those previously established, for this reason the cancellation of the contract was confirmed and it was clarified that the company given the award, Servicios Aeroportuarios Integrados S.A.

Panama: Irrigation Project in Tonosí Canceled

January 2015

The government is negotiating with the company which won the award the cancellation of the contract for the construction of an irrigation system in Tonosí, because it has not yet acquired the land to do the work.

Despite having been awarded the contract in June 2012, the Ecuadorian company Hidalgo e Hidalgo, has not acquired the land, therefore the government is negotiating terms of a cancellation of the contract by mutual agreement.

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