September 13, 2006
Panama is to invest $300 million to build a new thermal energy plant with a
Panama is to invest $300 million to build a new thermal energy plant with a 250MW capacity, representing 20% of the country's daily energy needs. The government set up Empresa de Generación Eléctrica SA (Egesa), which will run the plant, to participate in the upcoming energy tender to supply 200MW daily, from 2007 until 2020, being offered by power distributor Unión Fenosa. Carlos Carache has been appointed managing director of Egesa.