Seven new hydroelectric plants costing over $1 billion are in the final stages of construction and will begin operating before the end of the year, according to official sources.
Panama's current grid already has 682 MW of power available from hydroelectric generators at La Fortuna, Bayano, La Estrella, Los Valles, Macano, Concepción and Paso Ancho.
"The largest new generator is due to come on line on July 31 and is called Chan 75. It has been under construction by AES Panama since 2005 and will have capacity to produce 223 megawatts of electricity - 15% of the country's existing capacity," reports an article by Wilfredo Jordán for Prensa.com.
The state run power company is studying the feasibility of building a 150 MW hydroelectric project called Copalar Bajo with an Italian company and another 90 MW hydroelectric station called El Carmen.
With the aim of generating 563 MW of renewable energy by 2020, the Nicaraguan Electricity Company (Enel) has announced that it is carrying out feasibility studies to contribute to this projection about 240 MW of hydropower from the projects Copalar Bajo and El Carmen.
The award was given to the company Macano II Hydroelectric for the construction and operation of a 4.15 MW hydroelectric plant called RP-550, in the province of Chiriqui.
From a statement issued by the National Authority of Public Services:
"...FIRST: AWARD to the business HIDROELÉCTRICA MACANO II, S.A., registered in the Listing 833362, Document 2597272, of the Microfilm Section of the Public Commercial Registry of Panama, Rights to Concession for the construction and operation of the hydropower plant called RP- 550, which use the waters of the River Piedra, located in the village of Paraiso and Guayabal and district of Boqueron, Chiriqui Province, with an installed capacity of 4.15 MW. "
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In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007.
The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year.
The construction of the new Changuinola I Hydro Power Plant:
* is an asset to Panama
* will generate clean and 100% Panamanian energy
* will create opportunities for previously excluded populations
* will contribute to solve the country's energy situation
* will help Panama to continue growing
The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
Operates in Panama
Phone: (507) 206-2600