New hydroelectric plants to be put to tender in Panama

On Friday five hydroelectric projects will be put to tender, four of which were previously taken away from the first developers due to non-compliance and will now be given to the company with the best offer.

Thursday, December 18, 2008

The general administrator of the Public Services Authority (ASEP), Victor Urrutia, said that the developers have one year to begin the construction of the projects and will only be granted extensions for another year provided that there is a valid reason. He also said that construction activity must be proven.

More on this topic

Hydropower Ventures

September 2013

In Panama the amount of ongoing investment in hydropower projects adds up to $1 billion , 95% of which are in Chiriqui and Bocas del Toro.

In the provinces of Chiriqui, Bocas del Toro, Veraguas, Cocle Colon 18 hydroelectric plants are being built, said the National Authority of Public Services (ASEP).

Hydroelectric Project Speculation in Panama

May 2010

Most of the concessions to build hydroelectric power plants in the rivers of Chiriquí were granted without paying fees, for 50 years.

Sometime later, Mexican tycoon Carlos Slim entered the hydroelectricity market in Panama, offering almost $32 million for two of these concessions.

$64 Million For Nicaraguan Hydro Power Station

September 2009

'Larreynaga', a 17-MW hydroelectric power plant will be built with financing from Spain.

Funds for the project will be channeled through the Central American Bank for Economic Integration (CABEI).

"The project for the construction of 'Larreynaga' hidroelectric power station, ..., will be repaid in 25 years by the Government of Nicaragua, and will be developed by ENEL, the Nicaraguan Electricity Company", reported Google News.

Panama cancels hydroelectric concessions

February 2009

During the term of the current government some 40 requests for hydroelectric concessions, that have not complied with the development of the projects, have been canceled. reports on its website: "Of the 40 rejected to date, 24 have already been tendered or are in the process, said the director of Electricity at the ASEP, Rafael De Gracia.

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