Empresa de Distribución Eléctrica Metro Oeste will be responsible for the design and construction of a 10 MW backup electricity system for Metro Line 1.
Metro de Panama received the approval of the Cabinet Council to sign the $4.6 million contract with Empresa de Distribución Eléctrica Metro Oeste (Edemet), which will build a back up system to prevent blackouts in the national electricity system from affecting the Subway service.
Electricity rates paid by industrial companies recorded reductions of between 5% and 18% in the first half of 2016.
Rates for the first half of 2016:
Customers of EDEMET:
• Customers with BTS rate (over 350 kWh) reduction of 4.4%
• Customers with BTD-BTH rate (for shops and schools) decreased 1.6%
• Customers with BAT-MTH rate (industrial sector) the reduction is 5.5%.
Panama's state power company is putting out to tender a supply of Power Only and Energy Only for the period from 1 January 2016 to 31 December 2019.
Purchase by the Electricity Transmission Company of Panama (Etesa):
Through the act ETESA LPI 03-15 Panama State Electric Company has announced the beginning of a tender process for the supply of power and energy for the period from 1 January 2016 to 31 December 2019.
The average price of the total contracted capacity during January of the distributers Edemet, Ensa and Edechi was $14.51, $16.41 and $9.12 per kW / month, respectively.
A report from the National Authority for Public Services in Panama states that between February 2014 and January 2015 the country exported 106,278 MW / h, while 139,193 MW / h was imported in the same period.
The IIC has approved a loan of up to $11.9 million for the construction of a 10MW solar power plant in the province of Cocle.
From a statement issued by from the Inter-American Investment Corporation (IIC):
The Inter-American Investment Corporation (IIC) has approved a loan of up to $11.9 million to Divisa Solar 10MW SA, to finance the construction, development and implementation of a solar photovoltaic power plant with a nominal capacity of 9.9 MWp in Cocle Province, Panama.
2014 report on the Panamanian electricity market containing average prices for contracted capacity, demand, market participants, imports and exports.
According to the report made by the Public Services Authority of Panama, up to December 2014 energy sales in the spot market totaled $26.7 million, equivalent to 213,041 Mw / h. The greatest demand for energy was in July 2014, registering up to 1503.46 mw, while April was the month with the lowest demand, with only 1374.22 MW.
Electricity distribution companies will receive about $300 million less in state subsidies leading them to foresee an increase in rates which will affect the productive sector.
The State will compensate only the Chiriqui electricity distribution company (Edechi) with $27 million and the electricity distribution company Metro-West (Edemet) with $38 million, ceasing to give subsidies to the company Ensa.
Two companies, AES Panama and Fortuna, account for 47.3% of the power generation business in the country.
AES owns 31.4% and Fortuna 15.9% of the Panamanian electricity market. Nine other companies such as Alternegy achieved 5.7 % market share, BLM 8.3 %, Pan Am 8.6%, Pedregal 4%, Gena 2.1%, Tcaribe 3.4 %, IDB 6%, Ideal 8,1% and ACP 6.3%, ie the remaining 52.7 % .
Ensa and Edemet-Edechi were the only companies that submitted bids to acquire a 51% stake in the electricity distribution companies who are already operating.
The shares will be sold in three packages. "The first one comprises of the western part of Panama City, the area west of Panama and the central provinces remain under the domain of Edemet. The company offered $570 million," reported Prensa.com.
The verification commission has concluded that all of the companies interested in buying the 51% stake in the electricity distributors are eligible to submit bids.
"The commissioners began evaluations on July 14, after the National Authority of Public Services (ASEP) received documentation from companies interested in the stake, including proposals from the existing concessionaires Gas Natural Fenosa and Elektra Noreste SA who wish to continue offering the service," reported Prensa.com.
On August 9 bids will be received from prequalified firms taking part in the tender for the purchase of 51% of the shares of the electricity distributors Edemet, Edechi and Ensa.
The National Authority of Public Services (ASEP) convened on July 17 a clarification meeting with the shortlisted firms.
"In the final schedule it states that August 12, 2013 is the date of issuance of the ruling which will identify the winners of the tender", reported Prensa.com.
Two Colombian companies have submitted pre-qualification documents for the purchase of 51% of the shares of the electricity distributors Edemet and Edechi.
Promigas and Empresa de Energía del Pacífico S.A., presented the documentation to the National Authority of Public Services (ASEP) as part of the tender for the sale of the majority of the shares of the distributors, a concession contract for 15 years which expires October.
Companies from Colombia, Chile and Spain have been visited by officials of Asep as part of the bidding process for the purchase of 51% shares of Edemet, Ensa and Edechi.
"In March, during a trip to Bogota, seven electricity and gas distribution companies expressed their interest and in April meetings were held with representatives of seven other companies based in Spain.
On April 19 the prequalification process will be held for companies interested in buying 51% of the shares of the electricity distribution companies in Panama.
"In the tender separate proposals may be submitted for the purchase of 51% shares of Metro Oeste, S.A. (Edemet), Elektra Noreste, S.A. (Ensa) and Empresa de Distribución Eléctrica Chiriquí, S.A.", reported Prensa.com.
Empresa de Transmisión Eléctrica S.A. will be awarding a contract for long-term supply of Power and Energy via Natural Gas.
The date for receipt of bids is scheduled for April 30, 2013.
The purpose of the tender is a contract for the long-term supply of power and energy exclusively for electricity generation based on natural gas, for the period from the first of March 2017 to February 29, 2036, in order to attend to the requirements of Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A. and Empresa de Distribución Chiriquí, S.A.