As reported by the Authority of Public Services (ASEP), the majority of the projects are being developed in Chiriquí and Bocas del Toro, on rivers with large flow.
The 223-kilowatt Gavilán hydroelectric being developed by the AES Changuinola US consortium is the most important one with an investment of $502 million. Next in importance are the Gualaca, Prudencia and Lorena projects by the GDS Suez Energy Central America Company, valued at $250 million.
The article in Prensa.com noted that there "are also other smaller projects in various provinces of the country, of which no details were given. ASEP said that the energy in these mega energy projects underway should be concluded by 2013 at the latest."
The Government of South Korea pledged $800 million to finance El Cimarrón hydroelectric dam.
The chairman of the Executive Committee of the Lempa River Hydroelectric (CEL), Nicolás Salume, announced that a study will be done regarding the financing structure offered since there are other countries interested in investing such as Mexico, Italy, Spain and Brazil.