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.
The generator currently supplies 27% of electricity consumed in Panama, and the law states that this percentage may not exceed 25%.
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.
With a total investment of $600 million construction of the Changuinola I hydroelectric project in Panama has been completed.
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.
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