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.

$311 million for Wind Farm in Panama

October 2008

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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