Energy

Panama preparing to be energy hub

Mapa del Sistema de Interconexión Eléctrica para América Central.

With the aim of strengthening regional energy integration and evaluating the progress of the operation and administration of the Regional Electricity Market (MER) the companies and regional organizations that make up the Electrical Interconnection System for Central America (SIEPAC) met in the Panama City from December 13 to 15.

The SIEPAC integrates six electrical systems, creating a single regional electricity market. Being part of this system is very important for Panama, which aspires to become […]

Wasted energy because of bad infrastructure

Represa Changuinola I.

By Marijulia Pujol Lloyd

Electric energy is the engine for a country’s development and Panama is investing in green energy to cut down its dependency on fossil fuel. For that reason, wind farms are becoming a good proposition and certain parts of the country where wind tunnels are formed like Penonome and Anton, in the Cocle; Santa Fe in Veraguas and the north of the Colón province have the ideal conditions to create them.

Cocle […]

Panama regulates natural gas usage

Panamá regula uso de gas natural

The government is working on a draft Bill to regulate the distribution of energy generated from natural gas in the country.

At a time when increase investments in power generation projects based on natural gas is taking place in Panama and in the region, the head of the Ministry of Energy confirmed that they are preparing the basis for a regulatory framework for the distribution of energy generated from gas.

The Panamanian authorities have opted […]

BCIE finances first natural gas plant in the region

Planta de gas natural.

AES Colon will be the first power generation plant based on liquefied natural gas in the region, and will begin operations in 2018. With this project, Panama’s energy matrix will be strengthened, providing stability with a firmer, competitive fuel and sustainability.

The Central American Bank for Economic Integration (CABEI) approved a $100 million loan to the AES Colon project for the development of the LNG-based plant to be built on Telfers Island, Colon. An important […]

Panama Canal Authority explores clean energy sources

The Panama Canal Authority (ACP), which already uses hydroelectric plants and thermal energy to power the operations of the waterway, is studying other sources of electricity such as wind and solar power.

“A study was made using historical satellite and climatological information of the wind potential of a site in Mendoza in La Chorrera (western Panama),” according to the annual budget report of the last fiscal year.

The energy potential identified so far in Mendoza […]

Pacific Rubiales oil settles in Panama

Pacific Rubiales, the company that explores for and produces oil and gas in Colombia, and is selling most of Colombia’s oil, linked to this country since the Panamanian Government introduced incentives to attract foreign investment to the sector, has announced it will move its Board of Directors to Panama.

Pacific Rubiales said its office in Colombia will continue to implement the same operations.

“The company has not moved offices. Pacific Rubiales has opened a corporate […]

Qatar interested in Panama refinery

Panama’s ambassador to Qatar, Javier Arias, has confirmed that investors of that country have shown interest in building a refinery in the Central American nation.

“It’s the first time that Panama has turned to the Middle East as an investment partner.

“Arab culture is very slow. With us it was something different. Opening the embassy for the first time, in less than a year they did the same in our country,” Arias said.

“Qatar needs […]