Green Light for $500 million Electricity Works

Empresa de Transmisión Eléctrica already has the endorsement to start the prequalification of companies, for the design and construction project of the fourth transmission line.

Thursday, May 24, 2018

The company or consortium that wins the tender will also be responsible for obtaining the necessary funds to develop the work, estimated at $500 million. The Electricity Transmission Company (Etesa) will start paying in 2022, when the line is expected to start operating.  For this reason, the manager of Etesa, Gilberto Ferrari, explained to Prensa.com that "... there will be no need to make a bond issue."

A statement issued by the Presidency indicates that "... This work, about 317 km long, is expected to be tendered and awarded this year; in 2019 works will start up and by 2022 they commercial operations will start.  

The Fourth Line will have a transport capacity of 1,400 MW under normal operating conditions and 1,800 MW under emergency conditions. 

Being the largest in operation in the country, (the current ones operate at 115 and 230 KV), the idea is to ensure through prequalification that the contractor has the financial and technical capabilities to develop the project."

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More on this topic

Looking for Companies to develop $500 million Works

June 2018

Empresa de Transmisión Eléctrica de Panamá has started a process to prequalify companies for a design and construction project for a fourth transmission line.

According to the prequalification documents, an approval meeting will be held with all those interested in participating in the bidding process, on June 13 at 9 am at the Sheraton Grand Panama Hotel. 

Panama: 4th Transmission Line Project Regains Strenght

March 2017

The International Finance Corporation will be carrying out preliminary studies so that a tender can be launched for the construction of the project, which has a planned length of 330 km and an estimated value of $550 million.

Having tried unsuccessfully to tender preliminary studies and designs for the fourth transmission line, Empresa de Transmisión Eléctrica said it will hire the International Finance Corporation, from the World Bank, to develop the first phase of the project.

Panama: Studies for a 4th Power Transmission Line

July 2016

Etesa said it plans to tender in August preliminary studies for the construction of a fourth electricity transmission line, for which funding is already being prepared.

Panamaamerica.com.pa reports that "...The assistant manager of Empresa de Transmisión Eléctrica (Etesa), Gustavo Bernal, said they have already obtained authorization from the Board to initiate preliminary studies for a fourth transmission line, which will be put out to tender on August 26."

Panama: Fourth Transmission Line Could Cost $480 million

February 2016

The Electricity Transmission Company said it plans to put out to tender surveying services this year and the construction of a fourth transmission line next year.

Etesa this year expects to tender surveying and management of environmental permits required for the development of the project that aims to transport electricity from production centers to areas of high demand.

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