The company that won the tender to build a 14 Mw photovoltaic plant has withdrawn from the project, meaning that it will be put out to tender again.
The Autonomous Executive Commission of the Lempa River (CEL) argues that Juwi, the company that initially won the contract to develop the project, wanted to make changes to the contract, arguing that the document did not contain "satisfactory conditions".
If the Executive Branch does not declare it void, as recommended by the Attorney General's Office (PGN), this entity could "take appropriate action". PGN's argument is based on "... the auditor having exceeded its functions in signing the contract. Prensalibre.com reports that "... the head of the PGN, Maria Eugenia Villagran, said that "the main objective of the intervention is to maintain continuity and efficiency in the service. '"
The government of Panama has filed a lawsuit to annul the contract for the purchase of 19 radars from the Italian company Finmeccanica and a temporary suspension while the claim is being settled.
A year after stopping the execution of the project to install radars provided by the company Selex, the Varela administration is now asking for the cancelation of this contract, arguing, among other things, that "... there is 'misuse of power' in contracting with the conglomerate Finmeccanica, which owns Selex. The government requested in the application presented to the Third Chamber of the Supreme Court the provisional suspension of the contract.
The early termination of the contract comes just three months after the company AES Panama began the tests to begin connecting the barge's electrical system .At the request of Egesa, the Varela administration approved the cancellation of the contract, invoking Article 73 of the Public Procurement Law 22, which allows "... the unilateral termination of contract in the public interest."
The Tourism Authority of Panama has announced that it will terminate the contract with the consortium HPC-Contrata-P & V and that there are three companies interested in finishing the work in Amador.
As previously announced, the Tourism Authority of Panama (ATP) began the process of changing the contractor to finish the work of the Convention Center in Amador, and the three companies showing interest are the Asian company China Engineering, the Brazilian company Norberto Odebrecht and the Mexican institution Ica.
Construction is semi-paralyzed while Social Security Department tries to amend the initial contract of $587 million due to cost overruns, delays and technical problems.
At present, the project is 30% complete, and it has been estimated that the work will have a cost overrun of $300 million since the initial contract with the Spanish FCC only covered 25% of the required equipment. According to the new officials at the Social Security Department, the work also has technical and structural problems related to drains and some walls.
Changes to the contract with the construction company Odebrecht have enabled the Panamanian government to increase its stake in the plant from 23% to 49%.
Having renegotiated the contract with the construction company Odebrecht, an agreement was reached to establish the shareholding of the state through the Odebrecht (Egesa) and it was also established that the State will not fund cost overruns associated with the rise in the price of building materials.
Out of 48 contracts for clean energy generation which promised a total of 700MW, only 15 are operational, delivering only 100MW.
According to Honduran authorities "... A review process is already underway of the renewable energycontracts which for various reasons have not yet begun operations, a backlog which represents a liability for the National Electricity Company (ENEE). "
Currently being contemplated is the possibility of canceling the contract for the construction and management of the airport, awarded in January, and putting out a new tender for the procedure.
Due to the fact that airport safety in the country is now the responsibility of the government, the Commission for the Promotion of Public Private Partnerships (Coalianza) has announced that they are studying the possibility of canceling the contract which was awarded to Saisa, which included the management of security, and instead launching a new tender which would remove the issue of security from the contract.
The Government has managed to get Elcosa to sign a contract under the same terms agreed with Lufussa, the other main thermal generator.
The agreement with Executives from Electricidad de Cortés, S.A. (Elcosa) means that this company will continue to provide a total of 80 megawatts at a lower price than originally required by the thermal generator.
After the transfer of the controlling interest to the State, the company will review existing contracts with rail customers.
Prensalibre.com reports: "The lease to Compañía Bananera Guatemalteca, the pipeline easement for fuel transport with Texaco, the route for LPG transport with Zeta Gas, signed in 2002, and the easement for electric power transfer with Generadora Eléctrica del Norte and a similar one with Generadora del Sur, signed in 2001, are the contracts that the state will recover when it gains the rights for the railroad. "
The management of micro-financing in the context of the global financial and economic crisis implies challenges, but also opportunities.
With the title "The World Crisis and Micro-Finance," the Academy of Central America organized a discussion for legislative advisors and journalists, where a professor of Ohio State University, Claudio González Vega, analyzed the role of the micro-finance in the current situation.
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