Panama Extends Power Plants Rental

The state has extended the lease on the Aggreko power plants until October.

Friday, June 10, 2011

Low levels in reservoirs and the postponement in the start of operations of the AES Changuinloa hydroelectric plant until September, have led to the extension of the lease.

"The original contract for one year costs $55.5 million and expired in March, but the Cabinet approved a three month addendum that expires in June at a cost of $14 million", noted an article in Prensa.com, "with the extension of the contract, another $14 million would probably have to be paid."

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