Changuinola Hydroelectric Construction 80% Complete

The Panamanian project is now 80% through its plan and expects to begin operations in May 2011.

Tuesday, August 10, 2010

The project, located near the northern border with Costa Rica in Bocas del Toro, will supply 223MW of power to the national grid, equivalent to 15% of Panama's current electricity consumption.

"Currently the country's installed electricity capacity totals 1,534MW and annual energy consumption is approximately 6,000 gigawatt hours. What this means is that the Changuinola I project will improve installed capacity by 15% and production capacity by 18%," reports

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Changuinola I Hydroelectric Station Inaugurated

July 2012

With an investment of over $4.6 billion and an installed capacity of 223 MW, AES Panama has opened the Changuinola I Hydroelectric Plant located in Bocas del Toro.

From AES Panama's statement:

President Martinelli with Andrew Vesey, COO of AES Corporation, opened the largest hydroelectric plant built in the last 30 years.

Changuinola I to Start Operations Later this Month

September 2011

With a total investment of $600 million construction of the Changuinola I hydroelectric project in Panama has been completed.

The work developed by AES Changuinola, will become operational by the end of this month providing the national energy system with 223 megawatts.

Concession Canceled for Expansion of AES Changuinola

June 2011

The generator currently supplies 27% of electricity consumed in Panama, and the law states that this percentage may not exceed 25%.

The National Authority of Public Services (ASEP) has canceled the concession to build the second phase of the Changuinola hydroelectric plant covered by Law 6 of February 3, 1997.

Changuinola I Development Costs Increase by $100 Million

August 2010

The cost of the hydroelectric project being undertaken by AES in Panama is estimated to increase due to the effects of flooding and higher land purchase prices.

The Changuinola I hydroelectric project, also known as Chan 75, will use the flow of the rivers Changuinola and Culubre to generate up to 223 MW of power, or 1,046 GWh per year.

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