Twenty companies submitted bids in the tender for the purchase of energy for electricity distribution companies between 2014 and 2016.
Empresa de Transmisión Eléctrica S.A. (Etesa) will purchase the energy required by the companies Elektra Noreste SA companies, Metro-Oeste SA and Eléctrica Chiriquí SA to meet energy requirements from 1 January 2014 to 31 December 2016.
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.
The possibility of a change of hands of concessions for electricity distribution in Panama, has not hindered the projects for expansion of the system.
The demand for electricity in Panama is growing annually between 7 and 8%, and the three distributors, Edemet, Ensa Edechi have investment plans, which together total $480 million, to expand their networks over the next few years.
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.
The current concessions will expire in 2013 and the contracts include an obligation to provide "a competitive process of free competition ... the sale of majority shares of the company holding the concession."
The concession contracts signed in October 22, 1998 with Gas Natural Fenosa and Ensa, 15 years ago are going to expire, meaning that the National Authority of Public Services (ASEP) must tender the sale of 51% of the aforementioned distribution companies shares before October.
Generating companies have presented their surplus energy offers to distributors around the country.
As established in the Energy Policy implemented by the Martinelli administration, energy generating companies have made available to distributors 100% of their surplus that has not been previously contracted, for use in the second quarter of the year.
Between the two electricity distribution companies, Unión Fenosa (Edemet-Edechi) and Elektra Noreste, annual investments average $50 million and the forecast for this year and the next is that this pace of investment will continue in order to satisfy user demand, which increases by more than 5% annually.
Yesterday electricity distributors, Elektra Noreste y Edemet-Edechi, went looking to buy energy to guarantee the supply for the 2012 - 2022 period.
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.
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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
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
XPERTEC is a firm of engineering and consulting dedicated to the development of electric generation and transmission projects. We are headquartered in San Jose, Costa Rica but offer our services throughout Latin America.
We have a multidisciplinary team with vast experience in the design and development local realities and international market trends, applying the latest technology available XPERTEC is well positioned in its market.
Operates in Costa Rica, Honduras and Nicaragua
Phone: (506) 2289 5515 - (506) 8382 6756