The government is working on a draft bill to regulate the distribution of energy generated from natural gas in the country.
At a time when investments in power generation projects based on natural gas in Panama and in the region are increasing, the head of the Panamanian Ministry of Energy has confirmed to Laestrella.com.pa that they are preparing the basis for a regulatory framework for the distribution of energy generated from gas.
More than one hundred and fifty generators expressed interest in participating in the tender for thermal energy, which has been postponed twice and whose date for submission of bids for for the first tranche of 350 MW is 31 August.
The tender has attracted the attention of 158 companies so far, after the date was amended twice.
The start of full operation of the first wind farm in Panama will be postponed until November 2014 .
The Penonomé Wind Farm, under construction by Unión Eólica Panameña (EPU ), has been set back by at least five months, confirmed the Energy Secretary Vicente Prescott. The project should have been ready in June but delays mean that it will be made operational later this year.
The private sector has proposed that free competition in the generation market be maintained and it not be regulated and that there be a permanent plan to promote energy savings.
From a press release issued by the Presidency of Panama:
The Energy Agency Committee, comprising of representatives from the private sector, handed over to the Presidency Minister, Roberto Henriquez, a proposal to make the energy market in Panama more dynamic and economical.
Panama is looking for a private partner to invest $600 million in the construction of the hydroelectric station Changuinola II.
"... Over the next few days, the government will put out to tender a contract for a private company to take over the construction of the hydroelectric station Changuinola II (Chan II), which is currently in the hands of state electricity company Edesa."
Unión Eólica has installed the first of 88 turbines on its wind farm in Penonomé in Cocle, in which it will be investing $450 million.
From a press release from the Government of Panama:
For the first time in the history of Panama the first wind turbine has been installed marking the start of the assembly of the Parque Eólico Penonomé as announced at a ceremony attended by President Ricardo Martinelli, who said that thanks to the decision of this government, they have chosen to diversify the country's energy matrix, as exemplified by the installation in this region for the production of cheaper energy, benefiting Panamanians by reducing the costs of the basic food basket.
Organized by the Union of Industrialists of Panama (SIP) and the Secretary of Energy, the event will be held on 10th and 11th of October at the Hotel El Panama.
As has become traditional, this symposium will bring together more than one hundred professionals related to energy, industrial companies other economic activities, as well as representatives from public institutions. In addition to the participation of renowned international and local experts who will share their knowledge and experiences with the attendees.
Subsidies in the last 6 years amounted to $430 million; authorities have announced reductions and the first casualties will be heavy users.
The government of Panama has taken the first steps towards cutting subsidies for electricity, and the first sector affected may consumers using between 451 and 500 kW, 2% of total users, authorities said.
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Industria Tecnológica Panameña S.A. (I.T.P) is a Panama Corporation, historically associated to the Belgian Group TRECO, incorporated in 1812, which owns the Belgian Company TURBOWINDS S.A., who designs, develops, manufactures, sells, installs and maintains Electrical Wind Generators since 1977 at the time under the name WINDMASTER.
Operates in Nicaragua and Panama
Phone: (507) 832 1829