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The CEL and the construction company Astaldi have rescinded the contract for the dam construction by mutual agreement, with $108 million being paid to the Italian company.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. "
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 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.
The construction of 14 kilometers of road in Chimaltenango will be carried out by the company Constructora Nacional, which submitted the bid with the lowest amount.
The project for the "Renovation of the San Juan-Gracias highway and the Construction of the Gracias-Celaque highway" was won by the Transporte y Construcción Eterna S.A.
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