Panama: Hub For Electricity As Well

Planned investments in the electricity transmission grid and interconnections with its neighbors could position Panama as a regional power distribution center.

Thursday, June 25, 2015

Added to the construction of the third transmission line, estimated at $300 million-and whose works are 49% complete according to an announcement in May by the Electricity Transmission Company - comes a fourth line, to be built on the Atlantic area of the country. This project, which is being studied by authorities at Etesa, "... will form a safety ring with the other three transmission lines currently extending through the center of the country."

With this eventual fourth line and interconnection with Colombia, Panama will add 1300 MW of capacity in its system, having "... a 300 megawatt interconnection with Central America, which will go up to 600 megawatts, and another 400 megawatts to be built in Colombia ", with which the country would have the right conditions to buy and sell energy to any country in the region.

Anpanama.com reports that "... The CEO of ETESA, Ivan Barria, said that this means that Panama will not only receive revenue from generation and transmission, but also through energy exchanges. 'I think this is Panama's destiny, to be a place for transit and trade,as it is with the Canal and the Banking Centre and, I'm sure, as it will be with energy.'"



More on this topic

Panama: Financing for Electricity Distribution

July 2016

The Electricity Transmission Company is preparing to make two issues of $350 million and $500 million on the New York Stock Exchange in order to finance the fourth transmission line and carry out improvement works on existing lines.

Authorities at the Electricity Transmission Company of Panama (Etesa) have hired Scotiabank to structure the emissions to be made on the New York Stock Exchange.

Panama: Routes for Electrical Interconnection with Colombia

October 2014

The Darien Gap will be avoided, with analysis being undertaken of a route through the Embera Wounaan area and another which is completely coastal, which had initially been ruled out.

Projections are to carry out the design and route for the 600 kilometer line in 2015.

Electrical Interconnection Panama - Colombia

July 2014

An announcement has been made that in October procedures and studies will be started in order for work to begin a year later.

The meeting attended by the presidents of Colombia and Panama, Juan Manuel Santos and Juan Carlos Varela, respectively, confirmed the revival of the project for energy interconnection between the two countries, whose construction could begin in 2016 for completion in 2018.

Panama Rethinks Interconnection with Colombia

October 2013

Among the plans to deal with the growing demand for electricity is building a fourth distribution line.

This would allow to maximize the capacity of energy flow and the transmission lines for Colon and Darien. There is also renewed interest in the proposed interconnection with Colombia, focusing on aspects such as lower costs, greater optimization and good roads.

 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


Stock Indexes

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

Commodities

(Nov 30)
Brent Crude Oil
70.780
Coffee "C"
236.35
Gold
1,807
Silver
23.28