Aes makes cleaner fuel available to all of central america with commercial operation of aes colÓn

The aes corporation announced the start of operations of the first liquefied natural gas (lng) hub in panama and central america, located at the aes colÓn plant. aes colÓn consists of the 180,000 m3 lng tank and a 381 mw combined cycle power plant, which reached commercial operations in 2018 and had been previously operating with gas from temporary sources. the commercial operation of the lng storage facility will allow for the use of lng throughout the region and establish panama as the natural gas hub for the central american region. the use of lng helps both reduce co2 (carbon dioxide) emissions and increase renewable energy penetration. furthermore, lng conversion lowers electricity costs and provides greater price stability to support economic growth. aes has reserved 80% of aes colÓn’s terminal capacity for use by industrial and commercial companies in panama and central america. the additional contracting potential is expected to serve as a further source of growth for the company. the lng hub at aes colÓn was completed in record time of 39 months and has employed more than 2,000 panamanians since the start of the project. aes plans to build a similar project in vietnam in the coming years, which will bring many of these same benefits to southeast asia.
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