Panama: $ 5.6 million for Utility Purchase
The Government will purchase distribution equipment, transformers and power lines from electricity distribution company Bocas Fruit.
Thursday, February 17, 2011
The Budget Committee of the National Assembly approved $ 5,617,565 million to the Ministry of the Presidency, for the purchase of the Bocas Fruit Company, which supplies power to Changuinola, Guabito, Admiral and surrounding communities in the province of Bocas del Toro.
The Panamanian State has bought Bocas Fruit Company’s electrical assets for $4 million, to award a concession contract.
The Government of Honduras has decided to solve its age old problem of energy loss by investing in the improvement of transmission and distribution.
It has been announced that IC Power will pay US $299 million for the companies Deocsa and Deorsa, plus another $289 million to cover the liabilities of these electricity distributors.
A loan from the Development Bank of Latin America will finance improvements to the power transmission capacity of the national grid.
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