The electric line will run for 614 kilometers, connecting substation Panamá II in El Pedregal with Cerromatoso in Colombia. 55 kilometers of underwater cable are included, 40 of them in Panamanian territory.
The electric interconnection company between Colombia and Panama will be located in the latter.
A reunion between the presidents of both countries concluded with a company name change from "Intercolpa" to "PanamaColombia Interconnection" (ICP), and with the agreement of locating the company's facilities in Panama.
Electricity Transmission Company has been authorized to handle the electricity interconnection project between Panama and Colombia, along with Interconexión Eléctrica SA.
The Cabinet Council, headed by President Martín Torrijos approved the authorization so that Electrical Transmission Company, on behalf of the State and in association with Interconexión Eléctrica SA, will be responsible for the developing electric interconnection project between Panama and Colombia.
The bidding process for the contract for the environmental impact studies of the transmission line that will link the Central American and South American markets will begin in early September.
The construction of the electric interconnection lines between Panama and Colombia which is being carried out by the Transmision Electrica, S.A. company (Etesa) and Interconexion Electrica (ISA) will take between 24 and 36 months.
Agreements have still not been reached between suppliers and the company that owns the line, over financial, technical and socio-environmental aspects relating to the project viability.
The auction among power companies and the Colombian- Panamanian state company Interconexión Colombia Panamá S.A (ICP), responsible for positioning the power transmission line between Colombia and Panama, was planned for today August 21, but has been suspended because "despite the efforts of the parties involved, it was not possible to reach agreements on some conditions that are essential for the viability of the project, relating to financial, technical and socio-environmental aspects. "
The Panamanian Ministry of the Environment has hired a consultant to assess the risks and costs of the choice of route for the transmission line proposed by the binational company Interconexión Eléctrica Colombia Panamá.
The economic viability of the project will be tested in an upcoming auctions for rights of use and a tender for the supply of energy over a fixed time period.
In the auction for the rights of use to be held on August 16, six companies will take part out of a total of 17 who showed interest, according to the criteria of the project management company, ColombiaPanama Electric Interconnection (ICP).
In a new meeting between representatives of the two governments, the status of the project will be discussed, having been paralyzed by uncertainty regarding its financial aspects.
The line has a planned extension of 614 kilometers, which will link the Panama II substation in Pedregal with Cerromatoso in Colombia. It includes an underwater stretch of 55 kilometers, of which 40 are in Panamanian territory.
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