Hydroelectric Station Tender in Bocas del Torro

Panama's government will be inviting bids for a concession, which was initially granted to AES before being canceled, for the Chan-II 213 MW hydroelectricity project.

Monday, August 27, 2012

An article in Panamaamerica.com reports that "It would be the second award for this project located in Changuinola, after the U.S. company lost the rights when they tried to modify the original route and coverage of the hydraulic works. The National Authority of Public Services (ASEP) annulled it on June 7, 2011, granting it to AES in 2011, but the company appealed to the Supreme Court to try to prevent it. "

"On Wednesday, the president, Ricardo Martinelli, announced that he had issued instructions for the ASEP and MEF to handle the bidding, and award to the highest bidder, the Chan 2 project, now that the Court has released the concession of the aforementioned work."

More on this topic

Company Interested in Chan II Hydroelectric Station

June 2017

AES Panama may be interested in taking on the hydroelectric construction project, which until January of this year was granted in concession to Odebrecht.

While the government is evaluating the way forward for the project, which remained unfinished after the concession to Odebrecht Energy Luxembourg was withdrawn in January, AES Panama, which currently operates five hydroelectric stations in the country, may have shown interest in assuming responsibility for the project. "... In fact, AES Changuinola is currently in charge "... of the operation and administration of the Changuinola I hydroelectric plant in Bocas del Toro."

Odebrecht's Hydroelectric Concession Recalled

January 2017

The construction company has one week to respond to the proposal put forward by the Panamanian government, which is geared towards cancelling the award of the Chan II hydroelectric station at no cost to the State.

The Ministry of Finance submitted the proposal to the Brazilian construction company on January 26, and it has one week to respond and start to coordinate the withdrawal from the construction project on the dam now known as Bocas del Toro.

Hydroelectric Station in Bocas del Toro

September 2016

The project initially known as Chan II has been delayed because "the process of dialogue with communities needed for work to start has not finished."

The company Odebrecht Energy Luxembourg, now called Odebrecht Latin Fund, has twice requested the extension of the timeframe for construction of the project which was awarded to it in June 2014. According to the company, "...

Panama: Tender for Hydro Station and Governmental City

December 2013

For both projects partnership between a private developer and the State will be sought, with investments that will add up to about $1.45 billion.

Frank De Lima, the Minister of Finance, made ​​the announcement during a meeting with the Chamber of Commerce, Industries and Agriculture of Panama.

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