Genisa Opposes Agreement on Barro Blanco

The concessionaire of the hydroelectric project states that it is not part of the agreement announced by the government and that it hasn't ruled out taking legal action to protect its investment.

Tuesday, August 23, 2016

From a statement issued by Genisa Generadora del Istmo:

About a year and a half has passed since the National Government decided to establish a dialogue with the Indigenous Commission regarding the Barro Blanco project. Genisa has never been part of that dialogue table; however, during this time, decisions have been taken and continue to be taken that have resulted in suspensions and delays in the construction and operation of the project, which has resulted in cost overruns, losses due to loss of profits, risks and  
damage to equipment and infrastructure, among other things. 

Yesterday the Government announced the signing of an agreement with the Indian Commission, of which the company was informed after the agreement was made between the Government and the Commission. Genisa is not part of this agreement. 

Read "Panama: Operator to be Hired for Hydro Station"

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More on this topic

Panama: Operator to be Hired for Hydro Station

August 2016

The property belonging to the Barro project will be transferred to a trust that will hire a company to operate the power plant, and Genisa will receive repayment on its investment in the project.

For its part, the concessionaire of the hydroelectric project has stated it is not part of the agreement announced by the government and has not ruled out taking legal action to protect its investment.

Agreement on Barro Blanco Hydroelectric Station

August 2016

An agreement between the government and the indigenous community in the area would end a conflict that caused losses of more than $20 million to the concessionaire.

From a statement issued by the Presidency of Panama:

The signing of an agreement on the incompatibility of the hydroelectric project Barro Blanco highlights how the government of President Juan Carlos Varela has dealt with the challenges of Ngäbe Bugle: instead of confrontation and the characteristic abandonment of past administrations, [there has been] a policy of dialogue and a strong public investment plan.

Fine Given to Barro Blanco Hydroelectric Concessionaire

October 2015

Generadora del Istmo has denounced the political nuance given in the case and the sanction imposed after the government lifted the suspension of the project.

From a statement issued by Genisa:

After the Ministry of Environment (MiAmbiente) maintained a suspension for eight (8) months of construction of the Barro Blanco Hydroelectric Project, it has resolved to lift the suspension, but imposed on Generadora del Istmo, SA (GENISA) and the contractor an unjustified and disproportionate fine. All of this is coupled with the serious economic damage caused to the company and its contractors by the prolonged work stoppage.

Barro Blanco: $20 million Loss

June 2015

Suspension of the work on the hydroelectric project Barro Blanco caused by the blockades set up by locals preventing access to the site, has caused huge losses.

From a statement from Generadora del Istmo, SA (Genisa)

GENISA reiterates urgent need to end Barro Blanco Strikes

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