Panama: Hydroelectric Projects Exceed $1.35 Billion
The 15 hydroelectric projects currently under construction in Panama have a value of $1.35 billion, and they will increase the installed capacity by 600 kilowatts.
Tuesday, April 21, 2009
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.
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Panama's government will be inviting bids for a concession, which was initially granted to AES before being canceled, for the Chan-II 213 MW hydroelectricity project.
22 new energy generation projects are planned for the next four years.
The Public Services Authority of Panama (ASEP) gave Mifta Power Inc. a concession to build and operate the Santa Maria hydroelectric plant.
The generator currently supplies 27% of electricity consumed in Panama, and the law states that this percentage may not exceed 25%.
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