AEI Sells Ensa in Panama and Delsur in El SalvadorFriday, January 7, 2011 Spanish group Iberdrola agreed to buy the Latin American assets of Ashmore Energy International (AEI). These include Salvadoran distribution company Delsur and Panamanian ENSA, EDEN (Argentina), Elektro (Brazil), CEO (Colombia) and Chilquinta (Chile). Sale of Electricity Shares in PanamaFriday, April 5, 2013 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. Power Contracts for $18 million AwardedFriday, November 25, 2011 The Electric Transmission Company (Etesa) of Panama has awarded two companies with concessions for providing long-term energy for the period 2014 to 2024. According to a resolution by the state entity, the companies Paso Ancho Hydro Power and Teribe Hydroecological SA. will attend to, in the period from July 1, 2014 to June 30, 2024, the energy needs of the companies: Electricity Distribution Company Metro-Oeste SA, Electricity Distribution Company SA Chiriquí and Elektra Noreste SA. Panama Power Companies to Change OwnersThursday, September 30, 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. Panama: Tender For Energy SupplyMonday, April 1, 2013 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. Panama: Public Consultation on Electricity RatesThursday, October 23, 2014 Up until November 17th public consultation will be held on the proposed tariff schedules for public distribution services and marketing of electricity. From the order given by the National Authority of Public Services (ASEP) Panama Power: Companies Qualify for Share TenderFriday, July 26, 2013 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. Investment in Electricity Distribution GrowsWednesday, June 17, 2009 The growth of the economy in Panama is accompanied by the constant expansion and renovation of the electricity distribution networks. Between the two electricity distribution companies, Unión Fenosa (Edemet-Edechi) and Elektra Noreste, annual investments average $50 million and the forecast for this year and the next is that this pace of investment will continue in order to satisfy user demand, which increases by more than 5% annually. Interest in Energy Administration in PanamaMonday, October 21, 2013 Twenty companies submitted bids in the tender for the purchase of energy for electricity distribution companies between 2014 and 2016. Empresa de Transmisión Eléctrica S.A. (Etesa) will purchase the energy required by the companies Elektra Noreste SA companies, Metro-Oeste SA and Eléctrica Chiriquí SA to meet energy requirements from 1 January 2014 to 31 December 2016. Panama Seeks Investors for Electricity DistributorsTuesday, March 19, 2013 Promotion efforts are being made in Colombia, Chile, the United States and Spain for 51% of the shares of the distributors Edemet, Edechi and Elektra Noreste. The strategy is to promote among foreign companies, the sale of 51% of the shares of the electricity distribution companies in Panama, said Zelmar Rodriguez, manager of the ASEP. 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. Power Tender in PanamaFriday, February 1, 2013 The Electricity Transmission Company is putting out to tender a contract for long-term energy supply for new natural gas plants. The event is for the procurement of electricity generation from natural gas for the period from the first of March, 2017 to February 29, 2036, meeting the requirements of Elektra Noreste, SA, Empresa de Distribución Eléctrica Metro Oeste, S.A.; and empresa de Distribución Eléctrica Chiriquí, S.A. Panama: No Change In Ownership of Electricity CompaniesMonday, August 12, 2013 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. Panamanian electric companies seek energy to supply high demandWednesday, September 10, 2008 Yesterday electricity distributors, Elektra Noreste y Edemet-Edechi, went looking to buy energy to guarantee the supply for the 2012 - 2022 period. The purchase, which is medium and long term, is from existing generating companies or new electric generation projects, and will be for 205 megawatts (MW) for 2012 and 350 MW from 2013 to 2022 at the best prices offered in the generation market. Panama: Power Company Buys ElectricityFriday, November 26, 2010 Electricity Transmission Company (ETESA) will put out to tender, on January 25th, 2011, the purchase of power for 15 years. Bids reception for the IPL Concurrence Competitive Act ETESA 02-10, for the power supply contract, period from January 1, 2015 to December 31, 2029, will take place on January 25th, 2011. The process has been approved by ASEP and has been published on its website. |
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