Panama to Award Electricity Distribution Concession

The Panamanian State has bought Bocas Fruit Company’s electrical assets for $4 million, to award a concession contract.

Thursday, July 22, 2010

Juan Manuel Urriola, Energy Secretary, explained that once the assets have been purchased, they will proceed to release them under administrative concession so that they can be managed privately to supply electricity to the village communities of Changuinola and Almirante.

Prensa.com reports that, “the purchase includes transmission and distribution equipment but not the power generation plants”.

Urriola added that the term of the concession will be until 2013.

More on this topic

Colombian Investments in Central America

January 2011

EPM Group bought to Ashmore Energy International electricity distribution company ENSA of Panama and DELSUR of El Salvador for $ 200 million.

The Corporate Group EPM (Empresas Públicas de Medellín) is dedicated to providing public services related to electricity, water, sanitation and telecommunications, through 12 subsidiaries. It is owned by the Municipality of Medellín, governed by Colombian commercial law.

Distortion of Electricity Market Attributed to Distributors

February 2012

Through amendments to the law, the Panamanian government is aiming to improve conditions in the electricity market.

"The purchase of energy in the occasional market in Panama costs the state about $100 million annually, said the Secretary of Energy, Juan Urriola. Because of this, authorities have submitted to the National Assembly an amendment to the Law of February 6, 1997, which seeks to improve the national electricity market", reported PanamaAmerica.com.pa.

Nicaragua: $380 Million Rural Electrification Plan Announced.

September 2010

The company Gas Natural has signed an agreement with the Ministry for Energy to make electrical energy available to 3,600 communities.

The $380 million initiative will benefit around 120,000 people and includes six substations and a 200 km high voltage network.

According to Sergi Aranda, Gas Natural spokesperson and project manager, the rural electrification program will expand Nicaragua's electrical coverage from 63% to 85%.

Opposition to Energy Market Regulation

February 2012

The Panamanian electricity sector is opposed to law reforms with which the state aims to improve the electricity market.

Industry representatives at the forum ‘Challenges and Threats in the Electricity Sector’ presented ideas and various solutions to solve current problems.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


The Exciting Development in the hub of the Americas in Panama

Panama Pacifico is in the first phase of construction of a four phase project spanning the coming years. The destination's internationally relevant location, adjacent to the Panama Canal and the Pacific Ocean, makes this business center in Panama an ideal global business hub. Its lush setting provides the perfect backdrop for the new thriving, newly-built, master-planned community.

International Business Park

Looking for parking space?

Our new business office in the International Business Park of Panama Pacifico is under construction, and includes a new five storey parking facility. Life is easier when you have a plan. Offices designed, built and created under international standards.

Fiscal, Labor and Migratory Benefits:

See the lengthly list of benefits enjoyed at Panama Pacifico.

Special Economic Area

Law 41 was created in 2004 to offer exceptional benefits to companies setting up base in the Special Economic Area. A single government office in the area speeds up the process to set up a company in the area.