Electric Market: 2018 Projections

The National Electricity Transmission Company in Panama forecasts that during 2018, 1.796 MW will be consumed in the country, 6% more than in 2017.

Wednesday, March 7, 2018

The "Plan for the Expansion of the National Interconnected System", prepared by the National Electricity Transmission Company (Etesa), predicts that " ... electric power consumption in the National Interconnected System could see growth rates in the order of 5, 5% to 6.1% as an annual average, for the fifteen years of the projection (2017-2031)."

According to the Plan, whose approval was published on March 5 in the Official Newspaper La Gaceta, the demand projections for "... the maximum power required of the system could grow between 5.2% to 5.5%; at the lower end if there are pessimistic socio-economic situations and the higher end in an optimistic scenario."

The document details that Etesa forecasts that demand will grow between 2017 and 2018 in a moderate scenario,  from 1,694 MW to 1,796 MW, and in an optimistic forecast, from 1,715 MW to 1,815 MW, and in pessimistic circumstances from 1,691 MW to 1,791 MW.

Etesa estimates that under the conditions of a moderate scenario, by 2019 demand will reach a total of 1,898 MW, which would represent an increase of 5.6% compared to the amount consumed in 2018.

See first and second part of the approval of the Plan (in Spanish).

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Construction projects for water treatment plants, and extensions to the Metro and the airport, are works that will considerably increase demand for electricity in the coming years.

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The National Interconnected System Expansion Plan for the period 2017-2031 will be put to public consultation until August 31.

The Expansion Plan for the 2017-2031 National Interconnected System was prepared by Etesa and will be available for public consultation until August 31. 

Panama: $483 million in Electricity Distribution

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The expansion program of the electrical system in Panama foresees investments from Empresa de Transmisión Eléctrica S.A. of $483 million over the next eight years.

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Panama is Growing and Demanding More Energy

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The confirmation of expectations for economic growth in the coming years has highlighted the urgent need to take steps to meet the demand for energy which could grow by 6%.

While current installed capacity for electricity generation (1,418 MW) is above the peak usage recorded (1286) MW), the Electric Transmission Company, S.A.

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