Minister of Economy and Finance official Iván Zarak said today that $5 billion will be invested in the country's energy sector through 2017.
He made that comment at a meeting of officials from Central America and the Caribbean.
He said that $3.8 billion will be invested by the private sector and $1.2 billion from the public sector.
There are a number of large private projects slated to come on line in the next two years that will add to the country's generating capacity. In addition, the government plans to invest in the interconnection project with Colombia ($500 million) and $700 million for electricity transmission lines.
Zarak clarified that in Panama, the electricity market faces challenges, among which are the need to reduce marginal costs and to diversify the energy matrix to meet the growing demand for energy.
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