Panama Recuperates 120 MW in EnergyTuesday, June 12, 2012 The ESTI hydroelectric station is once again operating its two turbines after 19 months of repairs to the conduction tunnel at a cost of $93 million. ESTI hydroelectric power station in Gualaca, Chiriqui, has resumed operations, according to AES Panama. Panama Authorizes 26 MW Hydro ProjectThursday, January 13, 2011 The Public Services Authority of Panama (ASEP) gave Mifta Power Inc. a concession to build and operate the Santa Maria hydroelectric plant. This dam will use waters of the Santa Maria River in the San Francisco district, province of Veraguas, to generate 26 MW. New hydroelectric plants to be put to tender in PanamaThursday, December 18, 2008 On Friday five hydroelectric projects will be put to tender, four of which were previously taken away from the first developers due to non-compliance and will now be given to the company with the best offer. The general administrator of the Public Services Authority (ASEP), Victor Urrutia, said that the developers have one year to begin the construction of the projects and will only be granted extensions for another year provided that there is a valid reason. He also said that construction activity must be proven. Hydroelectric Project Reactivated in PanamaFriday, July 3, 2009 The Canadian company Petaquilla Minerals along with Generadora Hidroelectrica Santa Maria will develop a 25 MW hydroelectric project. With an agreement signed by a Petaquilla Minerals’ subsidiary in Panama, Panama Central Electric S.A., and Generadora Hidroelectrica Santa Maria, the two companies will begin financial studies of the project and update the environmental impact study of 1998. Panamanian Electricity SourcesMonday, April 25, 2011 41% of the country's energy comes from hydroelectric plants. The central dispatch office for Panama's electricity distributor, Etesa, released the figures relating to energy production and consumption on its website. Tender for 300MW Hydroelectricity ConcessionMonday, October 7, 2013 Panama is looking for a private partner to invest $600 million in the construction of the hydroelectric station Changuinola II. "... Over the next few days, the government will put out to tender a contract for a private company to take over the construction of the hydroelectric station Changuinola II (Chan II), which is currently in the hands of state electricity company Edesa." Credit Shortage for Panamanian Hydroelectric PlantsWednesday, April 15, 2009 Restrictions on credit are affecting the development of Panamanian hydroelectric plant construction projects. In Panama, the current 1,632 megawatt supply of electricity covers current demand with very little to spare, reason for which it seeks to increase supply by 47.4% for 2012. Government Seeks Hydroelectric RecoveryTuesday, October 29, 2019 Two decades after selling 49% of the shares of the Bayano hydroelectric dam to AES, the Panamanian government is preparing to begin negotiations to buy the shares held by AES. The authorization for the government to begin negotiations was completed through Cabinet Council Resolution No. 106 of October 28, which endorses the start of the efforts, which aim to draw a roadmap to transfer the hydroelectric Bayano to the State. Company Profile
AES Panama is the largest electricity generation company in Panama, in terms of installed capacity as well as delivered energy.
AES Panama is a subsidiary of AES Corporation, with headquarters in Arlington, Virgina, United States, and holds the 49% of shares in the operations of this generating company.
Since late 2007, AES Panama owns four hydroelectric plants with an installed capacity of 482 Megawatts: Bayano (260 MW), Estí (120 MW), La Estrella (47.2 MW), and Los Valles (54.8 MW).
Our main clients are the three energy distribution companies in Panama: Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A., and Empresa de Distribución Eléctrica Chiriquí, S.A., which represent the 95% of the company’s energy sales. The remaining 5% corresponds to energy sales to Great Costumers, which are businesses with monthly energy consumption greater than 100 kilowatts. Panama: Hydroelectric Projects Exceed $1.35 BillionTuesday, April 21, 2009 The 15 hydroelectric projects currently under construction in Panama have a value of $1.35 billion, and they will increase the installed capacity by 600 kilowatts. As reported by the Authority of Public Services (ASEP), the majority of the projects are being developed in Chiriquí and Bocas del Toro, on rivers with large flow. $211 Million for Panamanian Hydro Power PlantsWednesday, October 28, 2009 The European Investment Bank has granted a USD 211 million loan to the Gas de France-Suez Group, holder of the concession for the Dos Mares project. EIB Vice-President Carlos da Silva Costa and Mr Philippe Delmotte, Executive Director of the Gas de France-Suez Group for Central America, signed the finance contract in Luxembourg this morning. Hydropower VenturesFriday, September 6, 2013 In Panama the amount of ongoing investment in hydropower projects adds up to $1 billion , 95% of which are in Chiriqui and Bocas del Toro. In the provinces of Chiriqui, Bocas del Toro, Veraguas, Cocle Colon 18 hydroelectric plants are being built, said the National Authority of Public Services (ASEP). Panama: Government to Complete Barro BlancoFriday, July 10, 2015 The government has told opposition sectors of its decision to finish the works on the hydroelectric station, but there are no concrete actions to meet that goal. From a statement issued by presidency of Panama: Panama Awards Four Hydroelectric ProjectsWednesday, June 2, 2010 The Public Services Authority (ASEP) awarded four hydroelectric power generation projects, capable of a combined 17 MW. The results of the public auction were: Panama cancels hydroelectric concessionsMonday, February 2, 2009 During the term of the current government some 40 requests for hydroelectric concessions, that have not complied with the development of the projects, have been canceled. Prensa.com reports on its website: "Of the 40 rejected to date, 24 have already been tendered or are in the process, said the director of Electricity at the ASEP, Rafael De Gracia. |
|