Operations Postponed at 670 MW Gas PlantMonday, October 16, 2017 Panama NG Power has been given authorization to postpone until 2020 the start-up of operations of the natural gas-based generation plant to be built in Cristóbal, in the province of Colón. The energy supply contracts signed between Panama NG Power and the energy distributors Edemet, Ensa and Edechi were modified so that the start-up of the natural gas plant could be postponed until 2020. Panama: Gas Plant Extension DeniedWednesday, October 15, 2014 The Public Services Authority has denied extension request by Panamá NG Power S.A. to submit information on funding for the 670 MW plant. Prensa.com reports that "... The requirement for 'financial closure', or definition of project financing, must be presented on October 31st this year, but the company asked the Asep, on 27 August, for an extension for its submission. " Uncertain Future for $900 million ProjectFriday, June 15, 2018 Panamanian authorities have declared the deadline passed for Panama NG Power to present evidence of economic backing for the construction of the 670 MW natural gas plant. Last December a judicial ruling was issued by means of which Panama NG Power was granted 150 days to demonstrate that it has the economic capacity to develop the project. According to the company's interpretation, this time period began on March 8, 2018. Panama: 670 MW Gas Plant Project RevivedFriday, September 23, 2016 The ASEP has reactivated the license granted to Panama NG Power to build and operate a 670 MW generating plant based on natural gas in Cristobal, province of Colon. The license initially granted in 2011, was canceled during the current administration of the Public Services Authority (ASEP) because of delays in delivering information on Panama NG Power's project financing. Now, "... The appeal on constitutional guarantees granted by the Supreme Court to the company has forced the Asep to declare the license valid." New Opportunity for $900 million Gas PlantTuesday, January 16, 2018 One month after its license was canceled, a judicial ruling has reactivated the project to construct and operate a 670 MW natural gas plant, under the responsibility of NG Power. With the ruling from the Supreme Court of Justice, the cancellation of the license to build the 670 MW thermoelectric plant, announced in December 2017 by the National Public Services Authority, is now null and void. New Deadline for $900 Million ProjectThursday, October 18, 2018 The deadline for the Panama NG Power to submit a clarification of financial information for the construction of the 670 MW natural gas plant was extended to December 26th. After a judicial ruling was issued in December 2017 allowing Panama NG Power 150 days to prove that it has the economic capacity to develop the project, the process suffered several setbacks, because according to the company's interpretation, the deadline began on March 8, 2018, but the National Public Services Authority (Asep) stated it was expired at the beginning of June of this year. 670 MW Thermal Power Plant in PanamaWednesday, May 14, 2014 Panama NG Power has received a final license for the installation and operation of a thermoelectric power plant using natural gas in San Cristobal. The project began in 2011 with the permit procedures for the construction of a plant that would generate 270 MW, and now the approved schedule foresees its operation in early 2017. Definitive License awarded to Thermoelectric Plant in PanamaWednesday, April 2, 2014 The company Cerro Azul Us Power Generation has received a license from the government to build and operate a thermal power plant with a 45 MW capacity. The National Public Services Authority authorized the granting of a definitive license for the construction and operation of a PLANTA CERRO AZUL located in Vista Hermosa, township of Pacora, district of Panama, province of Panama. Panama: $80 million Biomass PlantMonday, September 7, 2015 Plans have been made to build a power plant in Colon using solid waste for fuel, with capacity to treat 450 tons of garbage a day. The company Aguaseo SA presented a proposal to the Mayor of Colon to build a plant for solid waste treatment and power generation, with capacity to generate 15 MW / h. The project, presented by Power Waste (Aguaseo SA) will be funded by the US consortium Gem Energy Consulting. Construction Projects in Panama - April 2016Monday, July 11, 2016 A residential development and solar power generation plants are some of the projects for which environmental impact studies were submitted in April 2016. The report "Construction Projects in Panama - April 2016", prepared by the Business Intelligence unit at CentralAmericaData.com, provides an up to date list of major construction projects for which environmental impact assessment (EIA) studies were submitted to the Ministry of Environment in Panama in April. Solar Plants in PanamaMonday, September 8, 2014 Provisional licenses have been granted for the construction and operation of two plants, one in El Roble, Aguadulce, Cocle Province, and one in Santiago, province of Veraguas, both of 10 MW. From a press issued by the Authority Public Services in Panama (ASEP) Tender for Construction of Hydropower Station in PanamaMonday, March 10, 2014 The Changuinola II project has been reopened and on April 25 proposals for its design, financing, construction and operation will be received. On April 25, the Empresa de Generación Eléctrica (Egesa) will receive proposals from those interested in the design, financing, construction and operation of the hydroelectric station Chan II, which will produce 213.6 MW, fed from waters of the Changuinola River in the province of Bocas del Toro. Tender for Fourth Electric Transmission Line PostponedTuesday, January 29, 2019 March 28 is the new date to present proposals for the design, construction and operation of the Fourth Electric Transmission Line in Panama. The modification to the terms of the public tender was carried out by the Empresa de Transmisión Eléctrica (Etesa) at the request of the companies pre-qualified in the process. $111 Million Awarded for UrbanizationThursday, December 13, 2018 Ingenieria Rec, S.A. was awarded the urban renewal project "Altos de Los Lagos - Second Stage," which consists of the construction of 1,620 homes on a 23-hectare site. On December 12th, the contract for the urban renewal project of the City of Colon was published in the portal PanamaCompra, which includes a second phase located on a polygon of about 23 Hectares, in Los Lagos sector, Cristóbal neighborhood, Colón District, Province of Colón and which will be called "Altos de Los Lagos Project - Second Stage." Panama: License for 10MW Solar FarmFriday, May 30, 2014 I Power Corporation has received the provisional endorsement to build and operate a 10 MW solar farm in the village Las Cumbres, Panama district. From a resolution issued by the National Authority of Public Services (ASEP) |
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