With a price tag of $234 million, Odebrecht obtained the highest score in the tender for the design and construction of a third power transmission line.
From a press release by the Empresa de Transmisión Eléctrica S.A (ETESA):
Empresa de Transmisión Eléctrica S.A. (ETESA) this morning presented the results of the total scores for the technical and economic evaluations of bids submitted by Consorcio Interconexión Panamá and Constructora Norberto Odebrecht for the design, supply, construction and financing of a third transmission line Veladero - Llano Sanchez - La Chorrera - Panama, in 230kV and adaptation to the associated substations. Meeting the deadlines set out in the Public Procurement Act 22, the company with the highest score in the bid was Constructora Norberto Obredecht.
New hydropower stations have increased installed capacity within Panama to 1,200 MW, but the two existing transmission lines can carry only 600 MW.
Although there is a bidding process to build a third transmission line, it is making slow progress, and the date of opening of financial proposals is still not known.
In addition, the evaluation committee at Empresa de Transmisión Eléctrica, S.A.