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Panama Canal project under threat from energy crisis

Panama's energy crisis is threatening to delay work on expansion of the Canal.

Wednesday, May 21, 2008

the two leading producers of hydroelectricity have threatened to suspend pd production unless the government takes measures that help to raise the water levels in dams.
Thanks to a reduction in the working day of bureaucrats, energy demand is 11 percent down on a week ago, but analysts fear that more emergency measures are needed.
Meanwhile the rise in oil prices has already led to increases of about US$50 million in the canal project.

Source: americaeconomica.com

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