The project in question is reaching 97% completion but it is still unclear how the dispute over its ownership between the original and new concession holder (Mexican born Carlos Slim) will be resolved.
According to Wilfredo Jordán writing for Prensa.com, "after almost five years the company Ideal Panama, owned by Carlos Slim, has finally completed the "Bajo de la Mina" (literally "under the mine") hydroelectric project.
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.
Zelideth Cortez´s article in Laestrella.com.pa reported that "It all started when, in December 2006, the ASEP decided to take the award for the execution of the hydroelectric project given to Mina Hydro-Power Corp., arguing it had violated the contract, since it should have begun construction of the hydroelectric plant in October 2006. Subsequently, in May 2007, the Public Services Authority granted execution of the hydroelectric project to Ideal, SA.
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