Panama: Distribution and Marketing of Electric Power

The Public Services Authority is putting to consultation until 8 next January a new model for concession agreements for the Distribution and Marketing of Electric Power.

Thursday, December 20, 2012

According to an article in Panamaamerica.com.pa, the Public Services Authority (ASEP) held a briefing on the proposed "Distributorship and Electricity Trading Agreement", which will be valid for 15 years from October 22, 2013 until October 21, 2028.

According to the ASEP, this session is part of a public consultation process which is currently underway, which aims to adopt a new model for concession agreements to be signed with concessionaires to provide the service for the next period.

During the session technical and legal aspects were revealed as well as the provision of dealer's obligation to electrify rural villages within the concession area, as it expands.

It was established that the majority concessionaires may not participate in the control of power generation plants nor may not sell or transfer the contract for the first five years without prior approval by ASEP.



More on this topic

Panama Seeks Investors for Electricity Distributors

March 2013

Promotion efforts are being made in Colombia, Chile, the United States and Spain for 51% of the shares of the distributors Edemet, Edechi and Elektra Noreste.

The strategy is to promote among foreign companies, the sale of 51% of the shares of the electricity distribution companies in Panama, said Zelmar Rodriguez, manager of the ASEP.

State May Cancel Contracts with Electricity Distributors

January 2013

The new model contract submitted by the National Authority of Public Services of Panama includes a unilateral termination clause.

Reasons of "public interest" could be invoked by the Panamanian government to unilaterally terminate a concession contract for the distribution and sale of electricity.

Bajo de Mina Hydroelectric to Change Concessionaire

November 2010

The Panamanian Justice nullified the 2006 ASEP decision to remove the project given to Julius Lisac and award it in 2007 to Ideal SA, owned by Carlos Slim.

The Public Services Authority of Panama (ASEP) should now stop work on the hydroelectric 85MW plant, to restore the original concessionaire, Lisac´s company.

Panama Power Companies to Change Owners

September 2010

The government will use expiring concessions in 2013 of Edemet, Edechi and Elektra Northeast in order to change distribution regulations and marketing of electricity.

The Panamanian government will start the bidding process a year before expiration of concessions, which will include the purchase of 51% of the shares of each of these companies.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Apr 9)
Brent Crude Oil
35.920
Coffee "C"
122.15
Gold
1,713
Silver
15.715