Panamanian electric companies seek energy to supply high demand
Yesterday electricity distributors, Elektra Noreste y Edemet-Edechi, went looking to buy energy to guarantee the supply for the 2012 - 2022 period.
Wednesday, September 10, 2008
The purchase, which is medium and long term, is from existing generating companies or new electric generation projects, and will be for 205 megawatts (MW) for 2012 and 350 MW from 2013 to 2022 at the best prices offered in the generation market.
Generating companies have presented their surplus energy offers to distributors around the country.
Several wholesale Panamanian electricity market players have sounded the alarm over distortions in the balance between supply and demand as a result of the changes proposed by ASEP.
The average price of the total contracted capacity during January of the distributers Edemet, Ensa and Edechi was $14.51, $16.41 and $9.12 per kW / month, respectively.
In May, the national installed capacity amounted to 3,012 MW, made up of 26% hydro power using reservoir technology, 31% run of the river hydro, 34% thermal, 7% wind, and the rest is photovoltaic.
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