Panama to Award Electricity Distribution Concession

The Panamanian State has bought Bocas Fruit Company’s electrical assets for $4 million, to award a concession contract.

Thursday, July 22, 2010

Juan Manuel Urriola, Energy Secretary, explained that once the assets have been purchased, they will proceed to release them under administrative concession so that they can be managed privately to supply electricity to the village communities of Changuinola and Almirante.

Prensa.com reports that, “the purchase includes transmission and distribution equipment but not the power generation plants”.

Urriola added that the term of the concession will be until 2013.

More on this topic

Sale of Electricity Shares in Panama

April 2013

On April 19 the prequalification process will be held for companies interested in buying 51% of the shares of the electricity distribution companies in Panama.

"In the tender separate proposals may be submitted for the purchase of 51% shares of Metro Oeste, S.A. (Edemet), Elektra Noreste, S.A. (Ensa) and Empresa de Distribución Eléctrica Chiriquí, S.A.", reported Prensa.com.

Panama Power: Companies Qualify for Share Tender

July 2013

The verification commission has concluded that all of the companies interested in buying the 51% stake in the electricity distributors are eligible to submit bids.

"The commissioners began evaluations on July 14, after the National Authority of Public Services (ASEP) received documentation from companies interested in the stake, including proposals from the existing concessionaires Gas Natural Fenosa and Elektra Noreste SA who wish to continue offering the service," reported Prensa.com.

Colombian Investments in Central America

January 2011

EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million.

The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law.

Distortion of Electricity Market Attributed to Distributors

February 2012

Through amendments to the law, the Panamanian government is aiming to improve conditions in the electricity market.

"The purchase of energy in the occasional market in Panama costs the state about $100 million annually, said the Secretary of Energy, Juan Urriola. Because of this, authorities have submitted to the National Assembly an amendment to the Law of February 6, 1997, which seeks to improve the national electricity market", reported PanamaAmerica.com.pa.

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