Electrical Interconnection Panama - Colombia

Carlos Rodado Noriega, Colambian Minister of Mines and Energy, said at a news conference that an agreement has been signed with the Panamanian Minister of Finance, Alberto Vallarino, ISA from Colombia and the company Etesa from Panama.

Colombia will contribute 50% of the capital required by ISA for the project and the remainder will be provided by Panama through Etesa.

According to an article in El Meridiano de Córdoba, the Columbian Minister of Mines and Energy said that "The Panamanian government is committed to putting up $90 million as equity and $120 million as debt. This finalises the financing scheme and making this a true commitment."

Source: Elmeridianodecordoba.com.co

More on this topic

Electric Interconnection Between Panama and Colombia Moving Forward

June 2010

The project has reached an important milestone: environmental studies may now tell the impact that the $600 million initiative will have over the jungles of Darién.

Juan Manuel Urriola, Panama’s energy secretary, remarked that the investment will be shared in equal parts between companies ISA in Colombia and Etesa in Panama.

Studies for the Panama - Colombia interconnection will be put to tender

August 2008

The bidding process for the contract for the environmental impact studies of the transmission line that will link the Central American and South American markets will begin in early September.

The construction of the electric interconnection lines between Panama and Colombia which is being carried out by the Transmision Electrica, S.A.

Tender for Use of Panama-Colombia Power Line

February 2012

In April use of the line will be put out to tender, in which domestic and foreign generators will be able to take part.

"In the activity, generators submit bids for tolls to pass their energy along this line," said general manager Fernando Marciscano from the electricity transmission company ETESA.

Electricity Interconnection Project Between Panama and Colombia Starts

May 2011

The electrical interconnection project between the countries will begin with environmental impact studies.

The first step of the project, which is expected to be completed in 2014, will be to find a company to conduct a study of the environmental and social impact on both nations.