Panama beefs up power generation to beat the shortfalls
As it fights to overcome electricity shortfalls, Panama has 24 power projects under construction or at the planning stage.
Wednesday, June 4, 2008
Of 14 hydroelectric projects, three each are slated to come on stream this year and next. Two new thermal plants are expected to become operational next year.
In Panama the amount of ongoing investment in hydropower projects adds up to $1 billion , 95% of which are in Chiriqui and Bocas del Toro.
Changes to the terms of reference for the tender that will allow the Xalala hydroelectric plant to be constructed will delay the operation of the plant by almost two years.
The Sismite hydroelectric project received the green light for a technical study from the Ministry of Energy and Mines (MEM).
'Larreynaga', a 17-MW hydroelectric power plant will be built with financing from Spain.
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