When coupled with new wind farms, this will nearly double Panama's current energy generation and make it possible to eliminate existing oil fired energy generators. Panama should be a net energy exporter within the next few years.
Excerpts: Panama's utility regulator predicts the nation will add 31 hydroelectric projects totaling 1,047 MW through 2013.
Autoridad
Nacional de los Servicios Publicos (Asep) said 15 of the projects are
under construction “with a healthy rate of progress,” while the other
16 are in final design. The agency said the projects represent
investment of US$2 billion, giving a strong boost to the Panama
economy.
“This gives peace of mind that the market is growing because they can meet demand in coming years,” Asep said.
Panama’s
current installed capacity is 1,663 MW, compared to peak demand of
1,120 MW, Asep said. Demand is expected to total 1,373 MW by 2013.
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