Wind Turbine Plant to be Built in Panama

A Belgian-Spaniard company is building a wind turbine factory in the Panamá Pacífico.

Monday, March 30, 2009

The operation is being carried by Industria Tecnológica Panameña (Panamanian Technological Industry, in english) (ITP), a company that emerged from the union of the Belgian consortium Turbowinds and the Spaniard Holly World Computers. The former has 60% and the latter 40% of ITP.

Turbowinds, the former US WindMaster, is a Belgian company with over 30 years in the wind turbine and windmill market in Belgium, Ukraine and India. ITP will have 50 employees in Panama in the beginning and is looking to have orders of between 50 and 100 wind energy generators in the first year.

According to a note published in prensa.com, the factory, which is located in Panamá Pacífico, will start operating in late 2009.

More on this topic

Progress and Challenges in Panama Pacific

July 2013

In the special economic area at ​​the former Howard Air Base there are now 164 companies operating in different sectors with investment so far totalling $270 million.

Capital.com.pa reports: "Some 164 companies are operating in the Panama Pacifico. 30% of them are in the services and retail stores sector, 18% are in the maritime industry, 15% are logistics companies, 13% are high value-added industries and the remaining percentage corresponds to other economic activities. "

Panamá Pacífico Development Underway

August 2009

$65 million have already been invested in the former Howard Air Base.

Henry Kardonski is the CEO of London & Regional Panamá, developer of the project. He assured that by the end of 2009, over $100 million will be invested, 15% of the targeted $705 million.

Work on the industrial business park is expected to be finished this month, with 10.000 m2 of office space and 21.000 m2 of warehouses.

Gianfranco Agency to Have Headquarters in Panamá Pacífico

March 2009

The shipping services agency signed a contract with London & Regional - Panama to settle in the Panamá Pacífico Park.

Although the Panamá Pacífico International Business Park is still under construction, the company will settle into one of the temporary offices in the park.

Panama Pacific Project begins construction

November 2008

Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow.

London & Regional Panama, master developer of the Panama-Pacific Special Economic Area, will hold the official innaguration for construction start up.

The ceremony will be held on Thursday, November 13, 2008 at the former Howard Base.

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