Barriers to 670 MW Gas Plant

According to the Panama Canal Authority, NG Power only has permission to build a 130 MW plant, so it will have to go through a new procedure if it expects to develop the 670 MW plant, as planned from the beginning.

Thursday, May 30, 2019

The permit requested by Panama NG Power and approved by the Canal Board in 2011, is for two generators of up to 45 MW each and a third steam generator of up to 40 MW, which together total 130 MW.

However, the energy project that is subject to Law 19 of June 11, 1997 and Law 21 of July 2, 1997, and that because it is developed on the banks of the Panama Canal must be compatible with the aquatic operation approved by the Board of Directors of the Panama Canal Authority, contemplated from the beginning the construction of a 670 MW plant.

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There are options to take the project forward. Prensa.com reviews that "... The Panama Canal Authority (ACP) points out that if NG Power is interested in developing a 670 megawatt plant, it must apply to the Reverted Goods Administrative Unit (UABR), so that if such entity considers it convenient, it may request the ACP's approval of the modification of the March 2011 resolutions, which approved the compatibility permit and the authorization for the use of water and riverbanks for the Project."

The article adds that "... Another option for NG Power, says the ACP, is to ask UABR to submit an express waiver of the compatibility permit and water use authorization, and request a new permit and authorization for the project."

The project has faced several difficulties to be developed, including the cancellation of the license by the National Public Services Authority. Read here the history of this process.

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More on this topic

Uncertain Future for $900 million Project

June 2018

Panamanian authorities have declared the deadline passed for Panama NG Power to present evidence of economic backing for the construction of the 670 MW natural gas plant.

Last December a judicial ruling was issued by means of which Panama NG Power was granted 150 days to demonstrate that it has the economic capacity to develop the project. According to the company's interpretation, this time period began on March 8, 2018.  

New Opportunity for $900 million Gas Plant

January 2018

One month after its license was canceled, a judicial ruling has reactivated the project to construct and operate a 670 MW natural gas plant, under the responsibility of NG Power.

With the ruling from the Supreme Court of Justice, the cancellation of the license to build the 670 MW thermoelectric plant, announced in December 2017 by the National Public Services Authority, is now null and void.

Backwards Step for 670 MW Gas Plant

December 2017

The National Public Services Authority has canceled the license it had granted to the Panama NG Power to build and operate a thermoelectric generation plant in Colón, Panama.

Ending a process that lasted more than seven years, the National Public Services Authority has permanently canceled the license that had granted to Panama NG Power S.A.

License Revoked for 670 MW Gas Plant

December 2014

The National Public Services Authority has revoked the final license granted to Panama NG Power for the construction and operation of a power plant in the province of Colón.

From the order given by the National Authority for Public Services in Panama (ASEP):

It is resolved:

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