Electrical Interconnection Auction Postponed Yet Again

Agreements have still not been reached between suppliers and the company that owns the line, over financial, technical and socio-environmental aspects relating to the project viability.

Tuesday, August 21, 2012

The auction among power companies and the Colombian- Panamanian state company Interconexión Colombia Panamá S.A (ICP), responsible for positioning the power transmission line between Colombia and Panama, was planned for today August 21, but has been suspended because "despite the efforts of the parties involved, it was not possible to reach agreements on some conditions that are essential for the viability of the project, relating to financial, technical and socio-environmental aspects. "

Capital.com.pa reports that it is "noteworth that the auction between electrical companies and the ICP was also suspended last week., This step in the installation process of an interconnected network would help visualise the possible interest and expectations of the private sector in buying services from the transmission power line, which is proposed to be made by both countries and has an estimated cost of $500 million.

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