Investment in Electricity Distribution Grows
The growth of the economy in Panama is accompanied by the constant expansion and renovation of the electricity distribution networks.
Wednesday, June 17, 2009
Between the two electricity distribution companies, Unión Fenosa (Edemet-Edechi) and Elektra Noreste, annual investments average $50 million and the forecast for this year and the next is that this pace of investment will continue in order to satisfy user demand, which increases by more than 5% annually.
Ensa and Edemet-Edechi were the only companies that submitted bids to acquire a 51% stake in the electricity distribution companies who are already operating.
The possibility of a change of hands of concessions for electricity distribution in Panama, has not hindered the projects for expansion of the system.
The government will use expiring concessions in 2013 of Edemet, Edechi and Elektra Northeast in order to change distribution regulations and marketing of electricity.
Edemet Edechi, the main electricity company in Panama, is 51% owned by Union Fenosa.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar