Spanish firm, Fersa, has obtained authorization from the Government of Panama to build and operate the first wind farm in the country.
The construction of the first phase of the project, which will generate 150 MW, will start in the second quarter of 2009. Fersa plans to invest $311 million (225 million euros) and expects the farm to be operational by the end of 2010 and should reach a production of 540,000 gigawatts per year.
The company Enrilews, Panamanian subsidiary of Span's Fersa, was authorized to build a second wind energy farm in the country.
This new farm will be located in the province of Coclé, and will be developed in three phases. In the first one, the company will invest 126 million euros ($180 million), in order to generate 105 MW of clean energy. This phase could be finished by the end of 2011.
By the middle of the year, the company Fersa is planning to start the construction of the Toabré Wind Farm, located in the Cocle Province.
Tagnia Shocrón wrote in an article on Laestrella.com.pa: "A multinational under the name Enrilews, SA, is involved.
The Toabré Wind Farm will generate up to 225 megawatts (MW) when work is completed, supplying 9% of local demand.
The Honduran Renewable Energy Company (Cohersa) submitted a funding request to the IFC for the project, called "La Vegona."
The Hydroelectric Project La Vegona, capable of 38.5 MW, is a project which will use the Comayagua Humuya river for renewable energy production, providing electricity equivalent to more than 46,000 households in Honduras.
The National Electricity Company will have to convene a new tender to replace the four contracts for 520 MW of thermal energy maturing between 2017 and 2018.
In 2017 a contract for 80 MW with Elcosa and another for 240 MW with Lufussa will come to an end, while in 2018 a contract for 200 MW with Enersa will be finalised.The National Electricity Company will convene a new contest in which power generating companies based on natural gas, have expressed interest in participating.
22 new energy generation projects are planned for the next four years.
They will add 1.061 MW to the country’s power grid, an 87% increase over Panama’s current energy generation capacity (1.208 MW).
“The focus will be put on hydroelectric power generation projects, in which $1.73 billion will be invested”, reported Panamá América. “Additionally, two wind power farms are being built for an estimated $1 billion, plus $1.2 billion in thermal generation projects”.
The Pavana Solar photovoltaic park will be one of the first to start trading, supplying 25 MW to the national grid starting March 2015.
In March the Congress of Honduras approved a contract which enables the company Energía Básica del Grupo Lufussa, to connect its 25 MW photovoltaic plant, located in the south of the country, to the network of the National Electricity Company (Empresa Nacional de Energía Eléctrica or ENEE).
Initially eight companies expressed interest in the tender comprising of five lots, but the Ministry of Energy and Mines only received five offers. It is expected that on Monday the contract will be awarded for the works to expand the national electricity transmission network of 230, 138 and 69 kilowatts.
The Energy Ministry is having talks with Amayo Consortium in order to renew their operating license.
Lorena Lanzas, Energy vice minister, said: "Talks have been restarted with them, because the Government wants to promote and foster these type of projects".
"Sources from the energy Industry ... said that directors from Amayo S.A. are meeting closed doors with Ministry authorities, looking to renew their provisional license and obtain a generation one. This will allow them to build the second phase of project Amayo".
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