A statement from the National Authority of Public Services (ASEP) reads:
The National Authority of Public Services (ASEP) has imposed a fine of one million dollars on the Electricity Distribution Company Metro Oeste, S.A. violating existing rules regarding electricity.
According to the order issued by this entity, the power company failed to comply with the minimum time limit for the purchasing energy and the availability of its supply to customers during 2005 and 2006. This disciplinary process was initiated in 2006 and was the subject of a legal action by EDEMET in the Supreme Court. In late 2011, the Court ruled that theASEP’s actions were legal, and therefore the Regulatory Agency proceeded with the process and came to the same conclusion with the indicated sanction, favoring thousands of customers.
The financial penalty for Empresa de Transmisión Eléctrica S.A. could climb up to $20 million if the ruling deems it responsible for the massive disruption of the electricity supply.
Prensa.com reports that "after completion of the investigation on the national blackout last Monday, February 25, the National Authority of Public Services (ASEP) may impose a fine that could reach up to $20 million, said the general manager of the entity, Zelmar Rodriguez. Damage to the two distribution lines located in Puerto Gago, Cocle province, produced the national blackout ".
The contract is for consultancy services to assist in the selling of shareholder packages.
The Panamanian Public Services Authority (ASEP) is to contract stock exchange consultancy services to process the sale of the majority stockholding in the electrical distribution companies, METRO-OESTE, S.A., ELEKTRA NORESTE, S.A. and CHIRIQUÍ, S.A.
The process seeks to find providers to assist in the sale of stock packages.
The tender is for purchase of services to advise the National Authority of Public Services in the process of selling the majority share packages of electricity distribution company Metro-Oeste SA, Empresa de Distribución Eléctrica Chiriquí and Elektra Noreste SA.
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AES Panama is the largest electricity generation company in Panama, in terms of installed capacity as well as delivered energy.
AES Panama is a subsidiary of AES Corporation, with headquarters in Arlington, Virgina, United States, and holds the 49% of shares in the operations of this generating company.
Since late 2007, AES Panama owns four hydroelectric plants with an installed capacity of 482 Megawatts: Bayano (260 MW), Estí (120 MW), La Estrella (47.2 MW), and Los Valles (54.8 MW).
Our main clients are the three energy distribution companies in Panama: Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A., and Empresa de Distribución Eléctrica Chiriquí, S.A., which represent the 95% of the company’s energy sales. The remaining 5% corresponds to energy sales to Great Costumers, which are businesses with monthly energy consumption greater than 100 kilowatts.
Operates in Panama
Phone: (507) 206-2652