Panama to modify energy contracts

A public hearing is to be held in Panama on August 4 to determine new rules on the energy contracts for electricity distributors.

Monday, July 21, 2008

The hearing will be open to market agents and the general public. The idea is to get as close as possible to 100 percent contracts with Edemet, Edechi and Electra Noreste, said Victor Urrutia, manager of the National Public Services Authority.
Urrutia added that the hearing was intended to fix the rules for the next two or three years, when supply could be insufficient to meet potential demand. After 2011 he expected supply to be sufficient.

More on this topic

Costa Rica: Green Light for Road Maintenance for $206 million

August 2016

Rejecting the arguments put forward by three participants bidding for the construction work, the Comptroller has endorsed the contracts awarded to MECO, Hernán Solís and Quebradores del Sur.

The contract awarded to Constructora MECO is for $116 million, for Hernan Solis $76 million, and for Quebradores del Sur it is for more than $14 million.

Guatemala: Puerto Barrios Contract Could Be Annulled

May 2016

The Executive Branch is considering the cancellation of the lease agreement between Ferrovías and Cobigua after the Attorney General's Office filed a complaint alleging anomalies.

The Executive is evaluating whether it will declare invalid the lease agreement between Compañía Desarrolladora Ferroviaria (Ferrovías) and Compañía Bananera Guatemalteca Independiente (Cobigua) days after the PGN filed a suit with the Public Prosecutor to start an investigation to determine " ... who were the people responsible for signing the contract, in addition to identifying what legal standards were used by Ferrovías to finalise the aforementioned contract, since that company has no power over the state." See "Corruption denounce in the concessioning and management of Puerto Quetzal"
Lahora.gt reports that "...The contract entitles Cobigua to use the port of Puerto Barrios, Izabal, until 2048, after the expiry last year of the onerous usufruct contract, awarded in 1990. In the view of the former Attorney General of the Nation, Maria Eugenia Villagran, Ferrovías had no authority to give the port administration over to Cobigua."

Panama: Still No Award of Solar Energy Contracts

January 2015

ETESA has indicated that the delay is due to the complexity of the combination of assignments for quantity, price of energy and the analysis of the financial structures of the proposals.

Proposals submitted one and a half months ago are still being studied by Empresa de Transmisión Eléctrica, S.A. (ETESA), because prices are below $0.14 KW / h, however, no contestant has been disqualified.

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.

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