Panama To Invest $3.93 Billion in Energy Projects

22 new energy generation projects are planned for the next four years.

Monday, April 5, 2010

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”.

More on this topic

Panama: 565MW in Wind Generation

March 2011

To date regulators have issued five final permits for wind generation totaling 565MW.

Licences were issued to Fersa for projects Toabre (225MW) and Anton (105MW) and to Unión Eólica Panameña for projects Nuevo Chagres (169MW), Marañón (18MW) and Portobelo (48MW).

Panamanian Public Services Regulator, ASEP, "is evaluating 14 other wind projects which will would generate a total of 1.48GW," reported Bnamericas.com.

Wind Power in Panama

May 2012

Five private projects have been licensed for the development of wind energy projects, with investments totaling about $1 billion.

The five projects approved by the National Authority of Public Services (ASEP) are in the province of Cocle.

The most advanced is "Toabré", belonging to the company FERSA Panama SA, and which is already under construction between the communities of Penonomé Toabré and Tolu.

Gas Plants in Puerto La Union Accepted

May 2012

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.

More Hydrocarbons in Costa Rica’s Energy Matrix

February 2012

In 2011 Costa Rica increased its use of fossil fuels by 24% in order to meet the demand for energy.

Data from the Regulatory Authority for Public Services (Aresep) shows that power generation based on diesel and bunker fuel grew by 24% in 2011 compared to 2010, going from 706.529 MW / h to 930.970 MW / h.

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AES Panamá

AES Panama is the largest electricity generation company in Panama, in terms of installed capacity as well as delivered energy. AES Panama is a subsidiary of AES Corporation, with headquarters in Arlington, Virgina, United States, and holds the 49% of shares in the operations of this generating company. Since late 2007, AES Panama owns four hydroelectric plants with an installed capacity of 482 Megawatts: Bayano (260 MW), Estí (120 MW), La Estrella (47.2 MW), and Los Valles (54.8 MW). Our main clients are the three energy distribution companies in Panama: Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A., and Empresa de Distribución Eléctrica Chiriquí, S.A., which represent the 95% of the company’s energy sales. The remaining 5% corresponds to energy sales to Great Costumers, which are businesses with monthly energy consumption greater than 100 kilowatts.
Operates in Panama
Phone: (507) 206-2652

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