Changuinola I to Start Operations Later this Month
With a total investment of $600 million construction of the Changuinola I hydroelectric project in Panama has been completed.
Friday, September 23, 2011
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.
The Panamanian project is now 80% through its plan and expects to begin operations in May 2011.
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.
AES Panama is trying to recover the concession for hydroelectric development in Bocas del Toro, and is offering more power plants.
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