Empresa de Distribución Eléctrica Metro Oeste will be responsible for the design and construction of a 10 MW backup electricity system for Metro Line 1.
Metro de Panama received the approval of the Cabinet Council to sign the $4.6 million contract with Empresa de Distribución Eléctrica Metro Oeste (Edemet), which will build a back up system to prevent blackouts in the national electricity system from affecting the Subway service.
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.
A report from the National Authority for Public Services in Panama states that between February 2014 and January 2015 the country exported 106,278 MW / h, while 139,193 MW / h was imported in the same period.
The IIC has approved a loan of up to $11.9 million for the construction of a 10MW solar power plant in the province of Cocle.
From a statement issued by from the Inter-American Investment Corporation (IIC):
The Inter-American Investment Corporation (IIC) has approved a loan of up to $11.9 million to Divisa Solar 10MW SA, to finance the construction, development and implementation of a solar photovoltaic power plant with a nominal capacity of 9.9 MWp in Cocle Province, Panama.
2014 report on the Panamanian electricity market containing average prices for contracted capacity, demand, market participants, imports and exports.
According to the report made by the Public Services Authority of Panama, up to December 2014 energy sales in the spot market totaled $26.7 million, equivalent to 213,041 Mw / h. The greatest demand for energy was in July 2014, registering up to 1503.46 mw, while April was the month with the lowest demand, with only 1374.22 MW.
Electricity distribution companies will receive about $300 million less in state subsidies leading them to foresee an increase in rates which will affect the productive sector.
The State will compensate only the Chiriqui electricity distribution company (Edechi) with $27 million and the electricity distribution company Metro-West (Edemet) with $38 million, ceasing to give subsidies to the company Ensa.
Ensa and Edemet-Edechi were the only companies that submitted bids to acquire a 51% stake in the electricity distribution companies who are already operating.
The shares will be sold in three packages. "The first one comprises of the western part of Panama City, the area west of Panama and the central provinces remain under the domain of Edemet. The company offered $570 million," reported Prensa.com.
Two Colombian companies have submitted pre-qualification documents for the purchase of 51% of the shares of the electricity distributors Edemet and Edechi.
Promigas and Empresa de Energía del Pacífico S.A., presented the documentation to the National Authority of Public Services (ASEP) as part of the tender for the sale of the majority of the shares of the distributors, a concession contract for 15 years which expires October.
Companies from Colombia, Chile and Spain have been visited by officials of Asep as part of the bidding process for the purchase of 51% shares of Edemet, Ensa and Edechi.
"In March, during a trip to Bogota, seven electricity and gas distribution companies expressed their interest and in April meetings were held with representatives of seven other companies based in Spain. Officials subsequently moved on to Chile where they visited six utility companies ", reported Prensa.com.
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.
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 public consultation to which the National Authority of Public Services (ASEP in Spanish) submitted its proposes for rule changes for the calculation of prices in the wholesale electricity market, resulted in opposing views from power generators and the Chamber of Commerce, Industries and Agriculture of Panama.
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Consulting, Engineering, Equipment supply and power station construction for generation, transmission and distribution and industrial sector projects.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (503) 2223 0274 - (503) 2223 0276
AES Panama is the largest electricity generation company in Panama, in terms of installed capacity as well as delivered energy.
AES Panama is a subsidiary of AES Corporation, with headquarters in Arlington, Virgina, United States, and holds the 49% of shares in the operations of this generating company.
Since late 2007, AES Panama owns four hydroelectric plants with an installed capacity of 482 Megawatts: Bayano (260 MW), Estí (120 MW), La Estrella (47.2 MW), and Los Valles (54.8 MW).
Our main clients are the three energy distribution companies in Panama: Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A., and Empresa de Distribución Eléctrica Chiriquí, S.A., which represent the 95% of the company’s energy sales. The remaining 5% corresponds to energy sales to Great Costumers, which are businesses with monthly energy consumption greater than 100 kilowatts.
Operates in Panama
Phone: (507) 206-2652