According to Ibrán Bueso, a legal advisor for the National Electricity Company (ENEE) in energy, one of the objectives of consolidation of the Electric Interconnection System for Central American Countries (Siepac) is to strengthen the competitiveness of the region by reducing its energy costs.

"The region will be more competitive in terms of attracting other world markets, to come and invest in this area," said Bueso.

Source: laprensahn.com

More on this topic

Private Interest in Darien Electrical Interconnection

July 2013

Colombian electricity companies are proposing private investments to finalize the project that would allow them to sell power to Central America.

Interconexión Eléctrica S.A. and Grupo de Energía de Bogotá have shown interest in making electricity interconnections between Colombia and Panama.

The Electricity Market in Central America

August 2012

Central America’s energy matrix contains an increased amount of hydrocarbon based generation, while the regional interconnection promises to reduce costs through economies of scale.

In the past two decades Central America has not been too successful in achieving sufficient electricity generation with a stable supply at competitive prices.

Electricity Interconnection Scheduled for March 2012

December 2011

Works on the Central American Electricity Interconnection System (SIEPAC in Spanish) are reported to be 95% complete, and are expected to be operational in March 2012.

At a cost of $490 million, the interconnection line extends from Guatemala to Panamá, with capacity to transport between 200 and 300 megawatts of electricity.

$16.7 million for electrical integration in Central America

December 2008

CAF approved $16.7 million to partially finance the Electric Interconnection System for the Countries of Central America, the multilateral organism reported today in a release.

These resources will be used to "contribute to the integration and development process in the Meso-American region (...) providing greater and better coverage for electrical services and to unite the markets in the sector," explained Enrique Garcia, executive president of CAF.