Chinese proposal wins Panama 350 MW power tender
Electricity Transmission Company of Panama (ETESA) has received a total of 14 bids for its new power tender, in which the preferred bidder will have to provide 350 MW of energy for a period of 15 years since 2019.
Martano has submitted the best bid involving the development of a gas power plant to produce 350 MW at $0.0209 per KW/h.
The company beat competition from, among others, AES Corporation, Grupo Motta,International Panama Power Corp. (IPPCO) and Gas Natural Atlantico.
ETESA is authorized by ASEP (Pnama's Public Services Authority) to provide the high tension electric energy transmission service to the general public, under a concession contract that’s valid until 2025 and can be extended by ETESA.
The company has the right to operate, exploit, maintain and perform improvements to the Transmission Network and all activities necessaries and convenient for the provision of the electric energy transmission service.
Country news
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June 12, 2014
Odebrecht wins hydroelectric power project in Panama
Panama state-owned utility Egesa has awarded the concession to develop a 213MW hydroelectric power project in Panama to Odebrecht Energy Luxembourg, a subsidiary of Brazilian business conglomerate Odebrecht Group. Read more -
August 20, 2014
GDF SUEZ signs agreement to sell energy assets in Panama and Costa Rica
GDF SUEZ announces that it has signed an agreement for the sale of its assets located in Panama and Costa Rica to Celsia, a Colombian company. Read more -
October 28, 2014
Panama approves 9.9 MW photovoltaic project
Panama’s public services regulator Autoridad de los Servicios Públicos de la República de Panamá (ASEP) has granted provisional approval for the 9.9 MW Natá photovoltaic solar project. Read more -
November 28, 2014
Panama receives 31 bids in solar auction
Panama's state transmission company ETESA has received 31 proposals from local and international developers in a tender process to award its first tender for solar photovoltaic (PV) power purchase agreements. Read more -
May 20, 2015
Enel Green Power completes PV plant in Panama
Enel Green Power, the renewable energy developer, has completed and connected to the grid Chiriquí, its first photovoltaic plant in Panama. Read more
