The Canadian company Petaquilla Minerals along with Generadora Hidroelectrica Santa Maria will develop a 25 MW hydroelectric project.
With an agreement signed by a Petaquilla Minerals’ subsidiary in Panama, Panama Central Electric S.A., and Generadora Hidroelectrica Santa Maria, the two companies will begin financial studies of the project and update the environmental impact study of 1998. They estimate beginning the construction in the fourth quarter of 2010.
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.
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