The company in charge of the project has requested an extension until October 1 on the deadline to complete construction and beggining of operation of the 51 MW dam in the province of Chiriqui, Panama.
From a statement from the National Authority of Public Services (ASEP)
In March a tender will be held for the award of commercial spaces in the southern terminal of the international airport.
Tocumen SA plans to tender in March retail spaces in the south terminal of Tocumen International Airport. They're just waiting for the final plans in order to determine the space that will be used for the installation of the shops.
It has been announced that in October a 11 thousand square meter mall will open in the east of the capital containing 30 shops and 26 other spaces for medical offices.
The new shopping center called Cronos Plaza is being constructed in Pinares in Curridabat and is expected to be opened to the public in April 2016. Company representatives said they have already negotiated 70% of retail and medical spaces available.
Most of the concessions to build hydroelectric power plants in the rivers of Chiriquí were granted without paying fees, for 50 years.
Sometime later, Mexican tycoon Carlos Slim entered the hydroelectricity market in Panama, offering almost $32 million for two of these concessions. This triggered a “hydroelectric fever”, with the creation of a secondary market between concessionaries and interested businessmen. In those private transactions the state didn’t earn a single cent.
Company’s due diligence and fair-play in bid reaffirmed.
San Jose, Costa Rica – The Costa Rican courts ruled today in favor of APM Terminals in two lawsuits, brought against the company and the government, which were intended to block the awarded concession for the new Moin Container Terminal (TCM).
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In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007.
The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year.
The construction of the new Changuinola I Hydro Power Plant:
* is an asset to Panama
* will generate clean and 100% Panamanian energy
* will create opportunities for previously excluded populations
* will contribute to solve the country's energy situation
* will help Panama to continue growing
The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
Operates in Panama
Phone: (507) 206-2600
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
Astaldi Group is one of the most important construction companies in the world as well as a leader general contracting and project finance initiatives in Italy.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (503) 2523-9500
The Central American Business Council is a London-based organisation which is working to increase significantly the current levels of trade and investment between the UK and Central America.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Central America and Dominican Republic
Phone: (0044) 207 583 8739