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.

More on this topic

Canal Expansion from Within

June 2009

Over $5 billion in total investment, 12.6 million cubic meters of earth removed, 2,600 workers and the world's largest dredger.

Withstanding high temperatures and humidity, the 1,389 operators who are currently working on the expansion project are making a great effort so that the companies that got the expansion contracts can meet established deadlines.

Canal Expansion: Between a Rock and a Hard Place

January 2014

The construction consortium has rejected the proposed solutions one by one, as they know that being replaced would be more expensive for the ACP than to acquiesce to its demands.

EDITORIAL

The alleged light at the end of the tunnel that led to an agreement in principle to resolve the alleged illiquidity of Grupo Unidos por el Canal (GUPC), was dimmed when the consortium led by Sacyr and Impregilo returned to its extremist position: Pay the overruns of $1.6 billion, or the works will be halted.

Canal Expansion Going According to Plan

June 2009

Despite the economic crisis, the Panama Canal Expansion Program is being executed according to the planned time lines and budgets.

In March, contracts for services, consultants, and construction projects were awarded. They expect to award one of the most important contracts, the design and construction of the third set of locks, in July.

Canal Works to Start in September

August 2009

Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.

7 days after the Canal Authority gives the order, the consortium "Grupo Unidos por el Canal" (GUPC), will have 1.883 days to complete the project.

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