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Panama: 90% of Electricity from Renewable Sources

By the end of 2011, the country expects to be have 1.114 MW of capacity from hydroelectric power, thereby meeting 90% of its current demand.

Monday, April 11, 2011

Seven new hydroelectric plants costing over $1 billion are in the final stages of construction and will begin operating before the end of the year, according to official sources.

Panama's current grid already has 682 MW of power available from hydroelectric generators at La Fortuna, Bayano, La Estrella, Los Valles, Macano, Concepción and Paso Ancho.

"The largest new generator is due to come on line on July 31 and is called Chan 75. It has been under construction by AES Panama since 2005 and will have capacity to produce 223 megawatts of electricity - 15% of the country's existing capacity," reports an article by Wilfredo Jordán for Prensa.com.

Source: Prensa.com

Key entities

AES Panamá Suez Energy Central America GDF Suez

Countries

Panama

Insight

hydroelectric dams hydroelectric projects hydroelectricity hydroelectric hydroelectric construction renewable energy alternative energy power plant Electricity Energy

GDF Suez Builds Hydro Plant in Panama

September 2008

A subsidiary of GDF Suez will start the construction of a 115 MW run-of-the river hydro project following an auction which took place on 9 Sep. 2008.

As a result of this auction, 100 MW have been sold to distribution companies for a period of 10 years, between 2013 and 2022. GDF SUEZ will provide 6,000 GWh for the length of this period.

Panama To Invest $3.93 Billion in Energy Projects

April 2010

22 new energy generation projects are planned for the next four years.

They will add 1.061 MW to the country’s power grid, an 87% increase over Panama’s current energy generation capacity (1.208 MW).

“The focus will be put on hydroelectric power generation projects, in which $1.73 billion will be invested”, reported Panamá América.

Enel Announces Hydropower Plant in Costa Rica

March 2011

Enel Green Power announced the start of construction of a new hydroelectric power plant between Alajuela and San José.

The new plant, called Chucas, would have an installed capacity of 50 MW and once operational it will generate about 219 million kWh/year, the equivalent annual consumption of over 81 thousand homes.

Hydroelectric Station Financed for $10.5 million

September 2011

The Inter-American Investment Corporation has approved a loan for the Panamanian hydroelectric project ‘San Lorenzo’, a plant that will generate 40 GWh per year.

The IIC loan to San Lorenzo Hydro, S.A. in Panama will help to promote renewable power generation.

Washington, D.C.

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