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


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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."

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The Public Services Authority of Panama (ASEP) gave Mifta Power Inc. a concession to build and operate the Santa Maria hydroelectric plant.

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In Panama the amount of ongoing investment in hydropower projects adds up to $1 billion , 95% of which are in Chiriqui and Bocas del Toro.

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