SAAM Towage enters El Salvador to provide its services for the Energía del Pacífico (EDP) project at the Port of Acajutla, boosting its presence in Central America and the company’s commitment to the region.
The long-term agreement with EDP calls the company to provide three tugs, two of which are new and will be responsible for powering plant operations. The project will begin producing energy into the grid by the end of 2021, with the tugs beginning operations in May 2021.
Specifically, the 378MW plant will run on LNG and includes a floating storage and regasification platform.
Also, the vessels used are azimuth tugs, 32 meters in length, specially designed to meet the requirements of offshore operations and escort vessels.
SAAM Towage operates in Brazil, Canada, Chile, Costa Rica, Ecuador, Guatemala, Mexico, Panama and Uruguay, operating at more than 60 ports in the Americas, servicing over 25,000 ships a year.
For the nine months ended in September, the company reported net income of $44 million, up 26% from the same period last year.
