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San Salvador-headquartered Legislative Assembly of El Salvador has advanced support for the San Matías Photovoltaic Solar Power Plant through a favorable Finance Committee ruling. The ruling authorizes a $9.6 million loan agreement with the Kuwait Fund for Arab Economic Development. The solar project is planned in San Matías and is expected to generate approximately 20,000 MWh of electricity annually. The facility will include photovoltaic panels, electrical substations, interconnection systems, access roads and operational infrastructure. Authorities stated that the project will help diversify generation and reduce dependence on hydroelectric resources during dry seasons. The development is also expected to support carbon-emission reduction and create jobs during construction and operation.
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