Panama: Deadline Extended in Hydroelectric Chan II Tender

At the request of the three companies interested in the 213 MW work, the deadline for submitting bids has been extended until May 6.

Monday, April 28, 2014

May 6 is the date for receipt of the proposals from the three companies interested in the design, financing, construction and operation of the hydroelectric dam Changuinola II, in the province of Bocas del Toro.

Prensa.com reports: "Interested companies have expressed concern about potential claims that could be brought AES Panama, three years ago they lost the concession to develop Chan II, after which the State, through the National Authority of Public Services, determined that if this entity built the hydroelectric station it would control over 40% of energy generation in the country, which is prohibited by Law 6 of February 3, 1997 which regulates the electricity sector. "

"Odebrecht Group, GDF Suez, and Enel Green Power are the companies who are interested in the project which will generate 213.6 megawatts (MW), and will be located in the waters of the Changuinola River in the province of Bocas del Toro."



More on this topic

Future of Hydroelectric Chan II Redefined

April 2017

Empresa de Generación Eléctrica will now be responsible for the concession, while the Varela administration evaluates how and when to re-tender the project.

From a statement issued by the Presidency of Panama:

The Cabinet Council approved on Tuesday the signing of a termination agreement, by mutual agreement, of the Partnership Agreement for the Chan II Hydroelectric Project.

Panama: $1049 billion for Hydropower Station Chan II

May 2014

GDF Suez and Enel Green Power did not submit bids and in the end the 50 year concession of Changuinola II went to the only remaining contestant, Oderbrecht Energy.

The financial offer made by the Brazilian company for the 213 MW hydro station exceeded, by $419 million, the cost of the Chan I plant, whose generating capacity is similar and which also uses the Changuinola river as a common source.

Panama: Only One Bid for Hydroelectric Chan II

May 2014

Three companies purchased the tender documents but only Odebrecht Energy submitted a proposal for the construction of the 213 MW dam.

Following the expiration of the four month period to prepare proposals, the Brazilian Odebrecht Energy Luxembourg, was the only company that submitted a bid for the construction of the project, estimated at $1 billion.

Tender for Construction of Hydropower Station in Panama

March 2014

The Changuinola II project has been reopened and on April 25 proposals for its design, financing, construction and operation will be received.

On April 25, the Empresa de Generación Eléctrica (Egesa) will receive proposals from those interested in the design, financing, construction and operation of the hydroelectric station Chan II, which will produce 213.6 MW, fed from waters of the Changuinola River in the province of Bocas del Toro.

 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


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

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

Commodities

(Jun 2)
Brent Crude Oil
39.11
Coffee "C"
100.65
Gold
1,746
Silver
18.69