AES Panama has presented the government with a proposal to build a power generation plant and a port terminal for transferring the gas.
With an investment which would be around $350 million AES Panama is proposing building a power generation plant based on gas, which would help alleviate the power supply problems affecting the country. The plan also includes the construction of a port terminal for easy transport and storage of gas.
Distributors have under contract only 60% of demand, forcing them to buy at expensive spot prices.
An article in Elsalvador.com reports that "The distributor’s failure to purchase power from generators under short, medium and long term contracts means that the bill continues to be passed on to consumers, who have still not yet received the benefits of this legislation which will come into full effect on February 1 next year. "
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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