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.

Kerem Pérez, in an extensive analysis of the issue in Martesfinanciero.com, reports that "These expansions are carried out especially due to the growth of tourism in the rural part of the country, specifically in the Río Hato sector, as well as due to the construction of buildings in the banking district, the east coast, and the Pacific tip. It is also due to the demand in the districts of Pacora, 24 de Diciembre, Juan Díaz, and San Miguelito.

More on this topic

Panama: No Change In Ownership of Electricity Companies

August 2013

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 shares will be sold in three packages. "The first one comprises of the western part of Panama City, the area west of Panama and the central provinces remain under the domain of Edemet. The company offered $570 million," reported Prensa.com.

Investments of $480 million in Electricity Distribution

July 2013

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 demand for electricity in Panama is growing annually between 7 and 8%, and the three distributors, Edemet, Ensa Edechi have investment plans, which together total $480 million, to expand their networks over the next few years.

Panama Power Companies to Change Owners

September 2010

The government will use expiring concessions in 2013 of Edemet, Edechi and Elektra Northeast in order to change distribution regulations and marketing of electricity.

The Panamanian government will start the bidding process a year before expiration of concessions, which will include the purchase of 51% of the shares of each of these companies.

Panama monitoring sale of Union Fenosa to Gas Natural

January 2009

Edemet Edechi, the main electricity company in Panama, is 51% owned by Union Fenosa.

The National Public Services Authority of Panama reported that it is closely following the $25 million sale of the Spanish company, Union Fenosa, to another Spanish company, Gas Natural.

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