They will add 1.061 MW to the country’s power grid, an 87% increase over Panama’s current energy generation capacity (1.208 MW).
“The focus will be put on hydroelectric power generation projects, in which $1.73 billion will be invested”, reported Panamá América. “Additionally, two wind power farms are being built for an estimated $1 billion, plus $1.2 billion in thermal generation projects”.
The new mayor will maintain the ban on power plants using coal or bunker fuel, but accepted those running on clean energy.
The new mayor of the municipality of La Union, Ezequiel Milla, has amended a decree prohibiting the installation of power plants that used coal, liquefied natural gas or any derivation of hydrocarbons as fuel, which was not conducive to investment in the city.
Spanish firm, Fersa, has obtained authorization from the Government of Panama to build and operate the first wind farm in the country.
The construction of the first phase of the project, which will generate 150 MW, will start in the second quarter of 2009. Fersa plans to invest $311 million (225 million euros) and expects the farm to be operational by the end of 2010 and should reach a production of 540,000 gigawatts per year.
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